Guangdong Hengtai Highway Engineering

Zeng Xianjin holds a 70% equity stake and runs the firm as Executive Director and Manager. Yang Hui, the firm's Supervisor, owns the remaining 30%. The two principals are the firm's only known decision-makers; no external investment committee or advisory board structure is publicly documented.

The firm's infrastructure contracts in Guangdong Province create direct relationships with materials suppliers, logistics operators, and industrial services businesses — many of which become investment targets. Operating from Meizhou rather than a tier-one city positions Hengtai closer to the supply chain and further from auction-driven venture processes dominated by Shenzhen and Guangzhou funds.

Specific portfolio company names have not been publicly disclosed. Public records confirm the firm deploys capital from seed through expansion stage, and its own balance-sheet assets include commercial real estate in Meizhou's Meixian District and hospitality properties. The investment activity appears to be funded by retained earnings from the construction business rather than third-party LPs.

There is no evidence that the firm accepts outside limited partner commitments. Its structure — a corporate investor with concentrated insider ownership — indicates it invests off its own balance sheet. No ADV filings, private-placement memoranda, or fund-marketing materials are publicly associated with the entity.

The two are legally housed within the same entity. Zeng Xianjin rebranded from Meizhou Highway Construction Engineering to the current name without spinning off the operating company. Cash from infrastructure projects funds the venture book, and portfolio companies may benefit from the construction unit's procurement relationships — a form of strategic corporate venturing without a separate fund structure.