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| Wednesday, 5 July 2017, 09:35 HKT/SGT | |
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| Eying on the New Opportunities in Asian Financial Services Market |
HONG KONG, July 5, 2017 - (ACN Newswire) - China First Capital Group Limited ("CFCG" or the "Group"; stock code: 1269) has announced that, CFCG Investment Partners International (Singapore) Pte. Ltd. ("CFCG Singapore"), a wholly-owned subsidiary of CFCG, has acquired 100% of shares of Stirling Coleman Capital Limited ("Stirling Coleman") for cash consideration.
In recent years, CFCG has pursued a diversification direction, through the collaboration of its financial services business units, with the business focus on education and investment, to create a platform of operation, investment and financing in the education sector guided by its strategic "Education Investment plus Financial Services". Since the second half of 2016, the Group has more actively developed overseas markets. CFCG Singapore started operation on 1 August last year, marking an important step in the Group's international development. The acquisition of Stirling Coleman has represented a new chapter for the Group to commence financial business in Singapore.
Founded in 2001, Stirling Coleman is an independent corporate finance advisory firm. Headquartered in Singapore, the firm has representative offices in Shanghai, China; Tokyo, Japan; and Bangkok, Thailand, aiming to offer a broad range of corporate financing services to small- and medium-sized companies ("SME"). Licensed by the Monetary Authority of Singapore to conduct regulated financial activities in dealing in securities and advising on corporate finance in Singapore, Stirling Coleman's service range includes initial public offerings ("IPO") and follow-on offerings on the Singapore Stock Exchange, independent financial advisory for Singapore-listed companies and advice on M&A of both listed and private companies in and outside Singapore. Stirling Coleman is a member of Globalscope Partners, which has 46 members on every continent in 39 countries as of November 2015. As one of the leading advisers to SME in Singapore's equity capital market, Stirling Coleman has successfully completed IPO of 28 companies, including 22 companies from Greater China, on the Stock Exchange of Singapore since November 2003, and it has completed more than 100 transactions to date.
Mr. Yan Haiting, President and Executive Director of the Group, said, "Since the concept of economic cooperation under the 'Belt And Road' national strategic directive and first introduced in September 2013, the development direction has become clearer and more sophisticated. With the full support and avocation of Chinese Government and many other countries in the world, business participation has been growing. In light of this, the Group has extended its financial services platform to Southeast Asia. We believe, Singapore, as a major international financial center, is the gateway to enter the strategic financial and capital market of Southeast Asia. The Group expects that the trading, financing and other activities of capital markets in China, Hong Kong and Singapore will become more frequent and create business opportunities for the market,thereby attract quality assets from Northern Asia to capital markets in Singapore and Southeast Asia and increasing cross-border mergers and acquisitions activities across Asia. Stirling Coleman has an excellent track record and has established a famous and respected brand in Singapore. Therefore, this acquisition provides a direct platform enabling the Group to rapidly and directly access the Singapore equity capital market and provide related financial services and offerings."
About China First Capital Group (stock code: 1269)
China First Capital Group focuses on education investment and a fully-licensed financial services business. Through the coordination of financial services businesses, the Group strives to establish an operation platform that is driven by "Education plus Financial Services," with the expectation of the education investment business to be the key driver of the Group's focus. Currently, the Group wholly owns First Capital Securities Limited (with a license for Type 1 SFC-regulated activities), First Capital Asset Management Limited (with licenses for Type 1, 4, and 9 SFC-regulated activities), First Capital International Finance Limited (with a license for Type 6 SFC-regulated activities), First Capital Finance Limited and First Capital International Holdings Limited. Thus the Group provides services such as dealing in securities, asset management, financial consultancy, merger and acquisition, credit financing and immigration financial services. First Capital Fund Management Company Limited, the subsidiary of the Group, focuses on exploring and investing in excellent educational projects in coordination of the financial services business, and is dedicated to advance the Company to become a well-known international education brand. For more information about CFCG, please visit the website: www.cfcg.com.hk
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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