news
News Release in Year 2006
 

Divestment of Nanya PCB Corporation

26th December 2006

 

3VS1 Ventures Fund Ltd divested in entirety the shares of Nanya PCB Corporation.

China Medstar Joins AIM

30th November 2006

 

China Medstar, a leading Chinese radiotherapy and medical imaging company joined the AIM market of the London Stock Exchange. China Medstar operates 13 cancer diagnosis and treatment centers in major hospitals throughout China. It has three business lines in the PRC - in medical equipment leasing, hospital management, and medical equipment distribution.

 

Asian Private Equity Investor Conference 2006, Singapore

30th October 2006

 

For the first time, the Singapore Venture Capital & Private Equity Association joined forces with Private Equity International to co-host their annual investors’ conference in Singapore.  The conference took place in conjunction with the Global Entrepolis@Singapore at the Marina Mandarin Singapore. Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital moderated the panel focusing on “Harmonisation of global valuation guidelines:  what it means in practice”.  Other speakers include Partners Group, Capital Dynamics, Adams Street Partners, UOB, CLSA, Affinity, Asian Development Bank and Cambridge Associates.

 

Sino TechFibre Listed On SGX Mainboard

20th October 2006

 

Sino Techfibre, a portfolio company of the 3VS1 Asia Growth Fund, was listed on the Mainboard of the Singapore Stock Exchange with a market cap of close to USD500 million. Sino Techfibre (based in Shandong province, China) is a producer of high quality microfibre synthetic leather products employing the latest manufacturing technology. 

 

Investment in Touchdown Technologies, Inc.

25th September 2006

 

3VS1 Asia Growth Fund Ltd invested in Touchdown Technologies, Inc. with Pequot Ventures, Meritech Capital Partners, Adams Capital Management and Invesco Ltd.

Investment in Cloudbreak Software, Inc.

15th September 2006

 

3VS1 Asia Growth Fund Ltd invested in Cloudbreak Software, Inc. with angel investors including former Finisar Corporation (NASDAQ:FNSR) executives.

Omeros Corporation acquires Nura, Inc.

7th September 2006

 

Omeros Corporation announced that it has acquired Nura, Inc., a company developing treatments for pain and other central nervous system disorders including schizophrenia and Parkinson's disease.

Private Equity Forum China 2006, Shanghai

1st September 2006

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital addressed private equity and venture capital practitioners from the government, domestic and international private equity institutions and other professionals on “Leveraging Growth Engine in China for Portfolio Value Creation.”  Other speakers included venture capitalist from CLSA, JAFCO Asia, Granite Global Ventures, Motorola Ventures, Capital Dynamics, Search Investment Group and CITIC Capital. 3VS1 presented a few case studies on its portfolio companies leveraging China’s growth engine for good shareholders returns.

Board of Directors for Buildfolio Inc.

September 2006

 

Buildfolio Inc. has included Mr Leong Horn Kee, former Member of Parliament and current Ambassador to Mexico (non-resident) as one of the Board of Directors.

Investment in Payease Corporation

30th August 2006

 

3VS1 Asia Growth Fund Ltd invested in Payease Corporation together with GLG Funds and Springboard-Harper Funds.

Payease Corporation wins Red Herring Award

21st August 2006

 

Payease Corporation announced it has been named one of the Red Herring 100 Private Company of Asia 2006. The award recognizes the most promising and innovative private companies in Asia with high growth potential.

Board of Directors for Buildfolio Inc.

August 2006

 

Buildfolio Inc. has included the former Minister of Defense, Dr Yeo Ning Hong as one of the Board of Directors.

Investment in SinoTech Fibre Limited

31st July 2006

 

3VS1 Asia Growth Fund Ltd. invested in SinoTech Fibre Limited.

Investment in Nanomaterials Technology Pte Ltd

14th July 2006

 

3VS1 Asia Growth Fund Ltd. invested in Nanomaterials Technology Pte Ltd with EDB Ventures Pte Ltd, Japan Asia Investment Co. Group (JAIC) and Juniper Investment Group, Ltd.

Investment in Corebridge (Holdings) Limited

13th July 2006

 

3VS1 led the investment in Corebridge (Holdings) Limited. Co-investors include Nan Fung Group and other angel investors.

Restore Medical, Inc. listed on NASDAQ

17th May 2006

 

Restore Medical, Inc. was listed on NASDAQ. Restore Medical develops, manufactures and markets innovative medical devices to treat sleep disordered breathing.