Beijing E-Town International Investment and Development Co (also known as E-Town Capital) has won the Best Innovation Award 2019 issued by China Beijing Equity Exchange (CBEX) recently for its contribution to the Beijing Guowang Optical Technology Co Capital Increase Project.

The project concerns the transformation of scientific and technological achievements, reform of mixed ownership in State-owned enterprises, and reward for scientific and technological achievements, and has created a precedent for similar transactions across Beijing.

To support the development of national 02 special project (which is known as the Project of Manufacturing Technology and Complete Sets of Technology for Very Large Scale Integrated Circuits), E-Town Capital registered Beijing Guowang Optical Technology Co in June 2018 to focus on the research and development (R&D) of domestic optical systems.

In February 2019, Guowang Optical was listed on the CBEX, and successfully introduced the strategic shareholdings of the CAS Changchun Institute of Optics, Fine Mechanics and Physics, and the CAS Shanghai Institute of Optics and Fine Mechanics. After the capital increase, the registered capital of Guowang Optical increased to 3 billion yuan ($437 million).

The total number of project transactions completed by the CBEX Beijing Municipal Unit Property Rights Transaction Service Center in 2019 was 2,858, with a transaction value of 238.6 billion yuan.

In the future, E-Town Capital will continue to optimize and integrate resources, promote regional coordinated development, connect with global innovation resources and build a real economy support platform, a financial service platform, and an innovation incubation platform to help Beijing to develop into a national science and technology innovation center with global influence.

A trophy is granted to E-Town Capital for its contribution in the Beijing Guowang Optical Technology Co Capital Increase Project. [Photo/etowncapital.com]