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Sea Cliff Capital Signed MOU with China Poly Group

2021-12-02

Poly Aviation Technologies Inc., a subsidiary of China Poly Group Co., is located in Beijing Poly Building and registered in Beijing, the People’s Republic of China.

On December 6, 2009, Sea Cliff Capital and Poly Aviation Technology Inc. signed a memorandum of understanding to jointly launch a private equity fund focusing on aviation technology, renewable energy/ clean tech and advanced materials. The Fund will look for the companies with new advanced technologies in aviation, renewable energy/ clean tech and advanced materials sectors in US, Europe and other countries and regions, and introduce them to cooperate with Poly Aviation affiliated companies or other companies in the People’s Republic of China. The Fund will invest mainly in equity and equity-related securities in the companies in both China and overseas in aviation technology, renewable energy/ clean tech and advanced materials sectors. The Fund expects to realize long term return when its portfolio companies exit.