- ISIN KYG2523M1087
- Land Hong Kong
Credit China FinTech Holdings Limited
Credit China Aims to Become an Best-of-Breed ‘Internet +’ Company by Establishing Investment Vehicle
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To: Finance Section Editors/Reporters (18 December 2015, Hong Kong) Credit China Holdings Limited (“Credit China” or the “Company”; together with its subsidiaries, the “Group”, stock code: 8207), a leading integrated internet financial service provider in China, is pleased to announce that in the period from 2014 to 2015, the Group has successfully transformed itself from a provider of traditional finance services to one with internet finance as its core business focus. The Group plans to establish a wholly-owned investment vehicle with a mandate to identify and make strategic investments in best-of-breed companies in China’s wider internet industry by leveraging the skills our partners in their respective sub-sectors to diversify the Group’s sources of revenue, strengthen the Company’s long-term growth profile and profitability. The Group has completed the first phase of transformation and grown to become a leading player in China’s burgeoning Internet finance industry, with over 4 million registered users across our various platforms, and accumulated 10 million transactions representing a total transaction value of over RMB 80 billion on our online third party payment platform. For the nine months ended 30 September 2015, the Group’s internet finance business accounted for 55.5% of the Group’s revenue and registered 163% revenue growth year-on-year. Operationally, the Group has made notable progress across our portfolio of internet finance platforms (such as P2P loan consultancy platform diyifangdai.com, P2P finance platforms 9888.cn and firstp2p.com), with UCF Pay (our online third party payment platform) as the core infrastructure supporting the entire ecosystem. Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said, “The Group has accomplished a remarkable feat in the development of its internet finance business in 2015. The transaction volumes, transaction capacity as well as the number of users of the third party payment and P2P business have increased by times. The Group is moving forward to the second phase of transformation in 2016. We intend to proactively partner with companies which could further develop segments the Group has not yet touched, to become an best-of-breed ‘Internet +’ company.” ~ End ~ About Credit China Holdings Limited (Stock code: 8207) Please subscribe to Credit China’s HK wechat account to keep abreast of regular updates on the Group’s business development. Company website: www.creditchina.hk This press release is released by PR ASIA Consultants Limited, on behalf of Credit China Holdings Limited. End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=AVAHPPMLPQ Document title: Credit China Aims to Become an Best-of-Breed ‘Internet +’ Company by Establishing Investment Vehicle Key word(s): Miscellaneous
18/12/2015 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. |