Fullshare Holdings Ltd
Fullshare Holdings Limited Entered into a Five-year Strategic Cooperation Agreement with BOCOM Bank to gain an Indicative Overall Financing Credit of RMB10 Billion
Fullshare Holdings Limited Entered into a Five-year Strategic Cooperation Agreement with BOCOM Bank to gain an Indicative Overall Financing Credit of RMB10 Billion
The Group shall treat BOCOM Bank as one of the main cooperative banks for banking services and BOCOM Bank shall treat the Group as one of its VIP customers and will carry out multilevel cooperation in relation to the provision of financing and credit, tourism business acquisition finance, supply-chain finance, commercial real estate finance, debt financing services, financial advisor services, account management services, asset management services and other offshore banking services. The term of the agreement is five years from the date of the agreement. The parties will enter into separate agreements in relation to each above specific service, and terms under the separate agreements will prevail to the extent they are inconsistent with the terms of the agreement. Mr. Ji Changqun, Executive Director, Chairman and CEO of Fullshare Holdings Limited commented, “We are delighted to have reached an agreement with BOCOM bank after the strategic cooperation with China CITIC Bank Corporation Limited (Nanjing Branch) in May last year as the agreement will allow the Group to secure various privileged banking and financing services from one of the leading banks in China. The RMB10 billion financing credit will be a strong backup for the Group in pursuing business opportunities in the tourism, education and commercial real estate industry whilst allowing the Group to enjoy growth by capturing consumption upgrades in China. The unequivocal support from BOCOM bank demonstrates its recognition to the business model of Fullshare. We will continue to actively explore strategic partnerships in various sectors, in order to stay financially prudent and flexible for suitable market opportunities.”
28/03/2018 Dissemination of a Financial Press Release, transmitted by EQS Group. |