Credit China FinTech Holdings Limited
Credit China Proposes Placing to Raise HK$605 Million to Strengthen Capital Base and Consolidate Internet Finance Business
To: Finance Section Editors/Reporters (11 November 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 entered into a Placing Agreement to issue an aggregate of up to approximately 288 million Placing Shares to not less than six Placees at the price of HK$2.1 per Placing Share, representing approximately 7.41% of the total issued share as enlarged by the Placing Shares. The maximum gross proceeds are expected to amount to approximately HK$605 million. Mr. Phang Yew Kiat, Vice-Chairman and Chief Executive Officer of Credit China, said, “Through placing, the Group intends to apply the proceeds for the purpose of financing future business development and possible acquisition(s) in the internet financing business, and the deal is in the interests of the Group and shareholders as a whole.” ~ 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=YRYDAGHLSK Document title: Credit China Proposes Placing to Raise HK$605 Million to Strengthen Capital Base and Consolidate Internet Finance Business Key word(s): Miscellaneous 12/11/2015 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 |
412097 12/11/2015 |