On 29th April, SY Holdings Group Limited (“SY Holdings”, stock code: 6069.HK ) officially announced its strategic investment in Shanxi Huazhu Technology Co., Ltd. (“Huazhu Technology”). The series A+ investment round is led by Enlight Growth Partners (EGP) and followed by SY Holdings. Yonghua Capital, its existing investor, is again backing the deal, while WEquick Capital, a boutique investment bank, serves as its exclusive financial consultant. The financing aims to boost Huazhu Technology's upgrading and expansion of SaaS businesses in smart construction sites.
(SY Holdings Makes Strategic Investment in Huazhu Technology)
SY Holdings and Huazhu Technology will, as the deal states, work closely in the areas of supply chain finance, intelligent digital infrastructure management and smart construction sites. As a strategic investor, SY Holdings will develop synergy with Huazhu Technology in the field of construction informatization by leveraging its industrial resources, digital financing solutions, and technology platforms.SY Holdings will harness facilitation of smart construction sites to aggrandize in the industrial technology market. Huazhu Technology, on the other hand, will focus on its cloud-based SaaS to fulfill its mission of becoming a leading SaaS provider for smart construction sites.
(SY Holdings’ Smart Site Control Center)
Aaron Yuan, SY Holdings’ Chief Strategy Officer, said, "as we are facing a trend of overall industrial digitalization, smart construction sites have shown great potential, as they, which is connected with the Internet of Things and AI technologies, and can lead to the smartest management results in terms of security, quality, materials, progress and many more for infrastructure construction projects. In return, real-time transaction data generated by such smart sites will empower SY Holdings’ digital finance business and enhance its big data analysis capabilities. We are therefore very honored to participate in this round of financing to support and establish a strategic cooperation with Huazhu Technology. We look forward to forming a resource-sharing and mutually complementary relationship with Huazhu Technology in the field of smart construction sites, thus to accelerate our joint efforts in the industry.
Huazhu Technology, a high-tech enterprise specializing in smart site solutions with its main focus on the development and installation of software and hardware products utilized on construction sites , is committed to making construction sites more digitalized , and has obtained investment t from Sequoia China, Innoangel Fund and Yonghua Capital before this round. For the time being, it has forged brilliant ties with many well-known mega construction enterprises including China State Construction Engineering Corporation, China Communications Construction, China Railway Engineering Group Limited, etc., and has provided smart service to over 4,000 projects. Typical examples are Beijing Daxing International Airport, Hangzhou Olympic Sports Center, and Shenzhen Convention & Exhibition Center.
SY Holdings is a leading supply chain fintech platform. Its major financial shareholders include Temasek Holdings, China Taiping, Olympus Capital and Wuxi Communications Industry Group. Being a listed company on the main board of the Hong Kong Stock Exchange, it has seen its consecutive inclusion in MSCI indexes, Hang Seng Composite Index and Shenzhen-Hong Kong Stock Connect. Its dual-driving approach incarnated by both top-notch industrial technology and digital finance helped build a very mature supply chain technology platform, via which professional services have been offered to infrastructure, medicine, energy and other strategic industries of national interest. SY Holdings is now deeply involved in the digital ecology of many large and core enterprises, and to date, it has managed over 130 billion yuan of supply chain assets, in addition to providing flexible supply chain financial services for more than 10,000 small and medium-sized enterprises.
