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| Consolidates Business Foundation and Marches Towards A New Era |
HONG KONG, Mar 5, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 8056), a leading provider of short to medium-term financing and financing-related solutions in China, has announced that the Group has submitted a formal application to The Stock Exchange of Hong Kong Limited ("SEHK") for the transfer of listing of its shares from the Growth Enterprise Market (GEM) to the Main Board. The transfer of listing will not involve any issue of new shares. The Group has previously announced its annual results for the financial year ended 31 December 2014. It has achieved an outstanding performance with revenue increased by 55.2% to RMB118,091,000 and profit surging by 81.5% to RMB73,013,000.
Mr. Hong Mingxian, Chairman of Differ Group, said, "We are happy that the Group has achieved outstanding results in the past few years, particularly noteworthy, our profit growth exceeded 80% year-on-year in 2014. We have met the requirement for transferring the listing of our shares to the Main Board and have submitted the relevant application to SEHK. This marks another important milestone for the Group. The transfer of listing of our shares not only strengthens our reputation and attracts greater attention from potential investors, but also enhances our overall competitiveness and consolidates our business foundation. The listing on the Main Board will undoubtedly enhance our leading presence in the financing service sector, facilitates our long-term business development and helps us capture future opportunities."
Differ Group was listed at SEHK in late 2013. Its five major financing services, including: 1) financial guarantee services, 2) pawn loan services, 3) finance lease services, 4) entrusted loan services and 5) financial consultation services have all recorded excellent growth and the Group has issued positive profit alerts twice during 2014. The Group also ranked 11th in the 2015 list of "China's Top 100 Most Promising Listed Companies" compiled by Forbes, the highest ranked company in the consumer credit sector. In addition, the Group has been granted a money lender's licence in Hong Kong in November 2014 and is carefully examining the money lending business in Hong Kong in order to optimally capture market opportunities. It has also commenced distressed asset management business in Fujian early this year.
Mr. Hong concluded, "We are very confident about the prospects in the loan market in China. We believe transferring the listing of our shares to Main Board will help us capture the development opportunities in the market and benefit our long-term business development. Thus, apart from consolidating the existing financing services, we will also actively assess and explore new businesses such as P2P loans and internet microfinance businesses so as to enrich our financial service mix. We have been examining the potential advantages and the synergies of the new businesses with our existing businesses, and striving to lead the Group to attain new heights and bring long term returns to our shareholders."
Contact:
Strategic Financial Relations Limited
Heidi So +852 2864 4826 heidi.so@sprg.com.hk
Janet Fong +852 2864 4817 janet.fong@sprg.com.hk
Fiona Ching +852 2114 4911 fiona.ching@sprg.com.hk
Fax: +852 2804 2789 / +852 2527 1196
Topic: Press release summary
Source: Differ Group Holding Company Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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