Year Veken Originated
Companies Owned, Controlled or Invested
Investment Capital Managed
The sixth Board of Directors was re-elected and established a new investment target in high-tech industry, with new energy, new materials and intelligent technologies at the focus. Veken has entered a new era of high-tech investment.
Veken, as the general partner of SDIC, initiated and set up RMB 10 billion of SDIC (Ningbo) Science and Technology Achievement Transformation Fund ("Fund"). The Fund was based on the Strategic Cooperation Framework Agreement between the Government of Ningbo and SDIC.
Veken has teamed up with China's leading scientist Prof. Chu Jian and his teams from SUPCON Group in establishing Ningbo Industrial Internet Institute Co., Ltd. Both parties entered into Cooperation Agreement with SDIC and the Government of Ningbo regarding long-term cooperation.
The listed company, Ningbo Veken Elite Group Co., Ltd. changed its name to Veken Technology Co., Ltd., with the new energy business at the focus.
Co-founded by Veken, Ningbo Industrial Internet Institute has been established to put into operation its industrial operating system, industrial safety control system, and intelligent chips.
On July 24th, the major asset restructuring project of Veken Elite (Stock market code: 600152) was approved by the China Securities Regulatory Commission.
On July 7th, Ningbo Veken Silk Screen Co., Ltd. was listed on the New Third Board (Stock market name: Veken Silk Screen; Stock market code: 871506)
Veken has been elected as the general partner of SDIC with over RMB 12 billion under management. The total return on high-tech investment has exceeded RMB 20 billion.
The reform of management system has been implemented, resulting in a new investment structure that is managed by the board of directors. Veken has shifted from an industrial operations corporation to an industrial investment corporation.
In March, Veken moved its headquarters to the Veken Moon Lake Jin Hui Building.
Veken Battery was included in Made in China 2025 Ningbo Action Plan. Ningbo Veken New Energy Technology Co., Ltd. and Ningbo Veken Xin Neng Power Battery Co., Ltd. were founded. Veken has formally entered into the power battery industry.
On January 28th, Ningbo Veken Battery Co., Ltd. was listed on the New Third Board (Stock market name: Veken Battery; Stock market code: 835456).
Veken successfully acquired the Ningbo Free Trade Zone Gao Xin Containers Co., Ltd., achieving industry synergy and complementary advantages in bulk commodities trading. It laid a solid foundation for the development of supply chain finance.
The revenue of bulk commodities trading exceeded RMB 14 billion.
Veken Battery and Veken Silk Screen won the awards of National High-tech Enterprise.
Ningbo Veken Battery Co., Ltd. was named as the 2013 Ningbo High-growth Company.
In May, Veken completed the company structure reform, resulting in five streamlined industries – textile, trade, real estate, investment and new energy.
On May 18th, Ningbo East Sea Financial Leasing Co., Ltd. was established. Veken officially started out high-end financial services.
On April 27th, Veken Shanghai Han Jun Company was selected as the piolet company for futures bonded warehouse. Veken's bulk commodities trading has started to take shape.
In January, Veken successfully acquired Jiangxi Ya Ya Company, the top 3 winter jacket manufactures in China.
On December 8th, Veken Venture Capital was named Top 50 Chinese Local Venture Capital Institutions.
In February, Veken simplified the management systems and successfully acquired its shareholder Hua Tai Investment.
On December 3rd, Veken repurchased 25% of its state-owned shares held by Ning Xing (Ningbo) Asset Management Co., Ltd. The state-owned capital was completely withdrawn, and Veken's management teams fully owned the company.
On September 10th, Veken entered into agreement with a Japanese company, KB Tsuzuki Co., Ltd. regarding long-term cooperation on silk screen project. It marks Veken's official entry into the high-end silk screen industry.
Veken acquired a Japanese company Kanebo Fiber Co. Ltd., a world-renowned textile company known as "the century-old textile company in Japan". As a part of the acquisition, Veken obtained Kanebo's core equipment, right of its trademark including "KOYO", and the shares of its foreign-invested companies.
On May 25th, Veken organized the APEC Textile Trade Seminar. The Chairman, Chengming He, delivered a keynote speech "Raising the Sail of Mutual-understanding; Building the Bridge of Corporation", which called for establishment of fair-trade environment under the WTO framework and promotion of sustained development of textile industry in Asian-Pacific region.
On October 22nd, Veken acquired Jiujiang Third Cotton Printing and Dyeing Company. Jiujiang Veken Printing and Dyeing Co., Ltd. was established.
In August, Veken joined Jiangsu Textile Company in acquiring Jiansu Zhenfang Group and set up Zhenjiang Veken Elite Cotton Textile Co., Ltd., which was the first cross-region industrial park of Veken.
On May 18th, the company name was changed to Veken Holding Group Co., Ltd., transiting to a cross-region and cross-industry company. Veken began investing in new energy, new materials and other technology industries.
In October, Veken held the International Business Festival, inviting business partners and clients from across the world to participate in promotion of industrial cooperation.
In May, the reform of the property rights system and labor system was completed. Veken shifted from a stated-owned company to a mixed ownership company.
On Febuary 28th, Ningbo Dunhuang Group Co., Ltd. was renamed to Ningbo Veken Elite Group Co., Ltd., which was referenced to as "Veken Elite" (Stock market code: 600152).
On July 27th, Veken acquired a listed company, "Ningbo Dunhuang Group Co., Ltd." (Stock market code: 600152).
As a result of the reform and restructuring of Ningbo Textile (Holding) Group Co., Ltd., Ningbo Veken Group Co., Ltd. was established on May 18th. The company maintained the advanced skills, techniques and market advantages of the previously state-owned textile companies, with textile technology at the focus. The name "Veken" represented the concept of absorbing the essence of fabric technologies.
Ningbo Textile (Holdings) Group Co., Ltd. was established, holding the majority of shares of more than 50 state-owned textile companies in Ningbo.
Veken can be traced back to the He Feng Yarn Factory in 1905, which represented the earliest modern industry in Ningbo. It ranked first in the textile industry in Zhejiang Province at the time.
The business operations are managed by capitals, company regulations and authorized management. At the holding company level, the administration departments and business departments are managed under the board of directors. At the enterprise level, the day-to-day business are managed under the enterprise's board of directors.
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Top 100 Companies in Zhejiang Province
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Top 5 Manufacturers in Ningbo
Most Advanced Headquarter in Ningbo
Top 100 Companies in Ningbo
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Top 50 Industrial Brands in Ningbo
The Celebrity Company in Ningbo
The Most Valuable National High-Tech Investment Company in China
New Energy Battery Field：Top 3 Providers of 3C Digital Batteries in China
New Material Silk Screen Field：Top 1 Company in China
Top 5 Companies in the World
P.E. Field：Top 50 PE Venture Capital Investment
Companies in China
Fund Field：SDIC - the largest state-owned investment company in China, with the most diversified investment portfolio
CURA - the first listed company on the New Third Board in real estate industry in China, boasting the largest volume of investment fund
Securities Trading Field：Caitong Securities - a leading securities in China, boasting several Golden Ox Awards