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| Provides Greater Flexibility for the Group and Creates New Growth Drivers |
HONG KONG, June 25, 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, is pleased to announce that The Stock Exchange of Hong Kong Limited ("SEHK") has granted the approval in principle for the Group's transfer listing from GEM Board to Main Board. The last trading day of the Group's shares under its original stock code 8056 on GEM Board will be 3 July 2015, while the first trading day under the new stock code 6878 on the Main Board will commence on 6 July 2015.
Mr. HONG Mingxian, Chairman of Differ Group, said, "We are excited about the approval of our application on transfer listing to Main Board of SEHK, rising on our outstanding performance during the past few years. This represents another important milestone for the Group. Management believes that the transfer of listing will enhance the Group's image and increase the trading liquidity of our shares. We also consider that listing on the Main Board is beneficial to the Group's future growth, financing flexibility and also business development. It can also enhance the Group's brand awareness and attract the attention of potential investors, along with strengthening the Group's overall competitiveness and further solidify our business foundation."
Mr. Hong continued, "We are strongly confident about the prospects of the loan market in China. The Group can further enhance its leading position in the financing service industry by leveraging its Main Board listing status. This move also facilitates the Group's long-term business development. In addition to continuously strengthening our current financing services, we plan to actively develop and expand into new businesses such as P2P loans and internet microfinancing in order to provide a more diversified financing solution portfolio and bring new growth drivers. We are also focusing on evaluating potential advantages of the above new businesses and the synergies created with our existing businesses, so as to capture development opportunities in the market and generate long term promising returns for shareholders."
Differ Group was listed on the GEM Board of the Stock Exchange of Hong Kong in December 2013. It mainly provides six types of financing services and financing-related solutions all of which reported substantial growth in business results, including (1) financial guarantee services, (2) pawn loan services, (3) financial consultation services, (4) entrusted loan services, (5) finance lease services, and (6) distressed asset management business. The Group has issued positive profit alerts after listing several times. Moreover, the Group was 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. The Group has been granted a money lender's licence in Hong Kong during November 2014 and is exploring the loan business in Hong Kong to capture market opportunities.
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
Angel Li +852 2864 4859 angelok.li@sprg.com.hk
Fax: +852 2804 2789 / +852 2527 1196
Topic: Press release summary
Source: Differ Group Holding Company Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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