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| Indicates Strong Confidence in the Prospects of DFH |
HONG KONG, July 8, 2016 - (ACN Newswire) - Differ Group Holding Company Limited ("DFH" or the "Group", stock code: 6878.HK), a leading provider of short- to medium-term financing and financing-related solutions in the PRC, has announced that Mr. Ng Chi Chung ("Mr. Ng"), Chief Executive Officer and Executive Director of the Group, has purchased 6,898,000 shares of the Group in aggregate via the trading system of The Stock Exchange of Hong Kong Limited from 10 June to 8 July 2016. As of the date of this release, Mr. Ng holds 10,898,000 shares of the Group.
Regarding the continuous purchase, Mr. Ng expressed his satisfaction and confidence towards DFH's business development and growth potentials, "The Group has been striving to adjust its business strategy in line with the market development. As a result, the Group is able to keep the growth momentum in the fluctuating macroeconomic environment. I am confident in the Group's prospects, especially the outstanding performance recorded in finance leasing and asset management businesses."
While talking about the Group's two core businesses, finance leasing and asset management businesses, Mr. Ng further explained, "The Group has purchased five distressed assets in 2015 and two of them have been executed within the year, while the other three are on track. In the first half of 2016, we continued to purchase distressed assets with high potential return. Besides, DFH has established strategic partnerships with Cinda (111.HK) and HRIF (993.HK) at the beginning of last month by signing a convertible bond agreement amounting up to US$50.0 million. The Group will continue to explore cooperation opportunities with these two largest asset management experts in distressed asset projects. For finance leasing, the Group started to expand the SME financing services to staple industries through drone leasing since last year. Currently, technologies of the mechanization of plant protection is developing rapidly with supporting facilities and services. Benefitting from the government's subsidy scheme, drones have become the highlight of the ecological agricultural industry with high production efficiency and low operational cost in terms of market opportunities and outlook. We believe that by implementing flexible business strategies, DFH can monetize its potentials, maintain sustainable growth momentum and maximize the value for the 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
Jenny Lam +852 2864 4883 jennysy.lam@sprg.com.hk
Fax: +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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