Adrian Cheng to list venture fund in Switzerland
Youngtimers AG has approved a proposal to acquire C Capital.
Hong Kong entrepreneur Adrian Cheng is set to list his venture fund, C Capital, on the SIX Swiss exchange.
In a statement, the group said Youngtimers AG, a Swiss-listed investment firm, has approved a plan to acquire 100% of C Capital Acquisition Corp, Cheng's Luxembourg-based investment firm. The deal will be presented for approval at an extraordinary shareholders meeting in September 2024.
Under the agreement, Youngtimers AG will gain full ownership of C Capital’s investment business, which is known for its stakes in high-growth companies like Shein, NIO, and XPeng.
Additionally, C Capital Acquisition Corp will acquire 100% ownership of JAKOTA Index Portfolios Inc, an innovative index licensing and investment firm based in New York and Tokyo. JAKOTA focuses on the capital markets of Japan, Korea, and Taiwan.
Following the transaction, Youngtimers AG will rebrand as C Capital AG and will maintain its Swiss headquarters whilst focusing on investments in private equity and small/mid-cap equities in East Asia and Europe.