Guodu Venture Capital Co., Ltd, an investment vehicle of Chinese brokerage service provider Guodu Securities, is planning to acquire 25 per cent stake in New Sea Union Technology Group Limited (NSU), a SZ-listed technology group with 10 billion yuan ($1.4 billion) in assets under management, per a company filing with Shenzhen Stock Exchange.
Suzhou-based NSU is engaged in businesses covering electric vehicles, software & services, LEDs, video & network services, telecom solutions, among others. It owns over 10 subsidiaries with an annual turnover of 5 billion yuan ($720 million). The company got listed in Shenzhen in 2006.
