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| Penetrate Domestic and Overseas Channels for Capital Flow Create Cross-border One-stop Financial Services Platform |
HONG KONG, Mar 10, 2016 - (ACN Newswire) - Greater China Financial Holdings Limited ("Greater China Financial" or the "Company;" stock code: 00431.HK) has today proudly announced the completion of the acquisition of Prominence Financials Limited ("Prominence Financials") and Prominence Asset Management Limited ("Prominence Asset Management"), officially entering Hong Kong's securities trading (type 1) and asset management (type 9) sectors.
Mr. Chen Ningdi, CEO & Executive Director of Greater China Financial, said, "Given Hong Kong's leading role as a global financial center, it is a big milestone for the Company to successfully enter the securities trading and asset management business in Hong Kong. Leveraging this advantage, the Company can capture the tremendous opportunities derived from the development of Hong Kong's financial market. More importantly, the Company can also penetrate capital flow domestic and overseas channels and fully connect with the asset management market, creating a cross-border one-stop financial services platform, thereby enhancing the company's competitiveness and development potential, and achieving long term sustainable growth."
Pursuant to the acquisition agreements on 1 September 2015, the Company has purchased the entire issued capital of Prominence Financials Limited and Prominence Asset Management Limited, with consideration of about HK$31,488,000 and HK$6,735,000 respectively. After the completion of the acquisition, the Company is committed to provide individuals and enterprise clients with comprehensive and reliable securities brokerage and asset management services in Hong Kong, enabling customers to capture every investment opportunity.
The completion of the acquisition symbolizes the Company further optimizes the Company's supply chain in the financial field, better realizing the concept of "pushing forward financial reform to serve the real economy, and promoting the development of an inclusive financial system." Looking ahead, the Company plans to continuously optimize its business structure and actively explore innovation in the business model of the finance industry. With the aim of building a fully licensed financial business system in Hong Kong, the Company will strengthen the synergies among its various businesses, so as to provide diversified financial products and investment options to clients and create fruitful returns for shareholders.
About Greater China Financial Holdings Limited (stock code: 431.HK)
Greater China Financial is a cross-border diversified financial services platform focusing on financial development and investment services. It is principally engaged in pawn loans, financing leasing, internet finance, securities trading and asset management businesses. Its professional team possesses industry-leading financial trading and high net worth customer experience. With its understanding of the domestic and foreign financial environment and its accurate insight of the major economic development trend, Greater China Financial is able to provide reliable cross-border financial services. Greater China Financial was included as a constituent of the MSCI Global Small Cap Index - China in November 2015.
Topic: Press release summary
Source: Greater China Financial Holdings Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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