After a year and a half of twists and turns, it is reported that Ziguang Zhanrui is about to complete more than 4 billion yuan in new financing

According to news from this site on June 4, Caixin.com, after a year and a half of twists and turns to resolve conflicts between major shareholders and management, Ziguang Zhanrui is about to complete a new round of financing, with a financing amount of more than 4 billion yuan. The post-financing valuation is approximately 66 billion yuan, and Ziguang Zhanrui aims to promote an IPO in 2025.

Institutions participating and investing in this round include Shanghai State-owned Assets and Beijing State-owned Assets Rui Equity Investment Fund Management Co., Ltd. on behalf of Beijing State-owned Assets, ICBC Capital Management Co., Ltd., Bank of Communications Financial Investment Co., Ltd., and PICC Capital Equity Investment Co., Ltd. Companies and other financial institutions, two securities firms, CITIC Construction Investment and Guotai Junan, as well as Yingyi Investment, etc.

In fact, yesterday there was news that the board of directors of Unisoc has voted to adopt an equity financing resolution, announcing the completion of a new round of equity financing. In response to the news that Ziguang Zhanrui is conducting a new round of equity financing, Ziguang Zhanrui responded to the Venture Capital Daily saying: With the authorization of Ziguang Zhanrui’s board of directors, this round of financing is being fully promoted. No further information has been disclosed at this time.

Unigroup Zhanrui announced the launch of preparations for listing on the Science and Technology Innovation Board as early as May 2019, and initially planned to formally apply for listing materials on the Science and Technology Innovation Board in 2020.

In May 2020, based on Unisoc’s pre-investment valuation of 50 billion yuan, Unisoc completed a new round of financing and equity reorganization, received capital injection from the National Large Fund Phase II and other investments, and its registration location was determined to be from Beijing Moved back to Shanghai, and will be listed on Unisoc (Shanghai) Technology Co., Ltd. (formerly Beijing Unisoc Technology Co., Ltd.) in the future.

However, according to November 2020, Ziguang Group was exposed to a bond default; in July 2021, Ziguang Group announced the beginning of bankruptcy and reorganization, and Ziguang Zhanrui’s listing plan was delayed.

In December 2021, the "Zhilu Guangjian Consortium" led by Beijing Zhilu Asset Management and Beijing Jianguang Asset Management became a strategic investor in the reorganization of Ziguang Group, investing 60 billion yuan in cash. Tsinghua Unigroup implements overall reorganization. In July 2022, Ziguang Group officially completed its bankruptcy reorganization, and Beijing Zhiguang Holdings Co., Ltd., the holding platform established by the "Zhilu Guangjian Consortium", officially fully controlled Ziguang Group. The holding platform Beijing Zhiguang Holdings Co., Ltd. will control Ziguangxin Holding Group through the establishment of the holding platform Beijing Zhiguangxin Holdings Co., Ltd.

Related reading:

• "It is expected to speed up the IPO process, and Ziguang Zhanrui said it is comprehensively promoting a new round of financing"

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