Credit China FinTech Holdings Limited
Credit China Completes Placing of New Shares for Potential Acquisitions and Expansion of Internet Finance Business
Date: 10 July, 2015 (10 July 2015, Hong Kong) Credit China Holdings Limited (“Credit China” or the “Company“; together with its subsidiaries, the “Group“, stock code: 8207), the leading internet financial service provider in China, announced that the Group has completed the placing of an aggregate of approximately 94.11 million placing shares. The placing price of HK$1.70 per placing share was placed to Tandellen Group Limited and Mr. Zhao Chengfu, representing approximately 2.83% of the total issued share capital of the Company as enlarged by the issue. The net proceeds from the placing of approximately HK$157.5 million will be used for the Group’s general working capital purposes and for the purpose of financing future business development and possible acquisition(s) in the internet financing business of the Group. Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said, “As a well-established company with a first mover advantage in the internet finance industry, the Group is committed to seeking strategic partners that can bring values to our shareholders for the continued perfection of our online financing services. The placing this time will provide funds for the Group’s potential mergers and acquisitions, so as to improve the functions of the existing platforms; accelerate the Group’s market share growth and further strengthen the Group’s leading role in the industry.” ~ End ~ About Credit China Holdings Limited (Stock code: 8207) Company website:www.creditchina.hk End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=CQICNSQCYK Document title: Credit China Completes Placing of New Shares for Potential Acquisitions and Expansion of Internet Finance Business Key word(s): Miscellaneous 10/07/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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