Jiangsu Xinghe Valve Co Ltd, a Yangzhong (Jiangsu Province) China-based company that designs, produces and markets instrumentation valves and fittings for oil and gas, petrochemical, nuclear power plants, waste water and other process control applications, has received new capital from Baird Capital Partners Asia and Investor Growth Capital Asia.
The company intends to use the funds to continue to expand operations.
Jiangsu Xinghe Valve is the subsidiary of Jiangsu Xinghe Group Co Ltd, which produces instrumentation valves, tube fittings, and plastic pipes having applications in a wide variety of industries including nuclear power generation, oil & gas, chemical, ship building, municipal water and waste water transportation.
Led by Chairman Mr. Kuang Xihe, Xinghe Group also conducts its business through a plastic pipes division.
Business Development Asia LLC acted as the exclusive financial advisor to Xinghe Group and its shareholders on the transaction.