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Sweeping the first-tier capital circle! Shenzhen Capital Group intensively bids for litigation law firms to repurchase...

2024-07-24

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Today, Jinshi Zatan noticed a piece of news, but due to time constraints, the author did not find the official website information. According to the public information on the community platform, Shenzhen Capital Group is intensively bidding for litigation law firms.

The reason is that when companies accepted investment from Shenzhen Capital Group, they signed a bet agreement. Many companies failed to go public on time, triggering the repurchase clause, and the founders had to use real money to buy back the shares held by Shenzhen Capital Group.


For example, in the procurement of litigation legal services for 2024/SS/030, Shenzhen Capital Group invested RMB 60 million. Currently, the project has triggered the repurchase clause, but the company’s cash flow is tight and the performance bet with investors has been fully triggered. The shares have not yet been repurchased, so the bidding law firm is handling it.


It is worth noting that Shenzhen Capital Group is my country's top VC investment institution, and its actual controller is Shenzhen state-owned assets. It has invested in too many excellent companies, including Western Superconducting Technology, SMIC, SenseTime, Tencent Music, Meituan, O-Film, CATL, Nayuki, etc.