Fosun was among the participants in an eight-figure round for new materials producer Mingxun Hi-Tech Material that will support product development.
China-based advanced materials developer Mingxun Hi-Tech Material has received tens of millions of dollars from investors including diversified conglomerate Fosun, DealStreetAsia reported yesterday, citing a company statement.
Venture capital firm Long Capital also participated in the round, along with private equity firms Addor Capital and Cowin Capital.
Mingxun develops and manufactures products including optical polymeric films and electronic adhesive tapes for use in industries such as consumer electronics and clean energy generation.
The capital will finance business development and product…
