Credit China to Acquire Shenzhen's Mobile Game Company
Jan 07, 2016

Credit China to Acquire Shenzhen's Mobile Game Company - Achieve Greater Synergies in Internet Finance Business

(6 January 2016, Hong Kong) Credit China Holdings Limited ("Credit China" or the "Company"; together with its subsidiaries, the "Group", stock code: 8207), a leading integrated internet finance service provider in China, announce that the Company has entered into a non-legally binding memorandum of understanding with Shenzhen Qiyuan Tianxia Technonlogy Company Limited ("Qiyuan Tianxia") in relation to a possible investment, whereby the Company may acquire not less than 48.5% of the equity interest in Qiyuan Tianxia, with the consideration to be settled in cash or through the issue of consideration shares in the Company or a combination thereof.

Qiyuan Tianxia is principally engaged in the research and development, operation, and distribution of computer and mobile games and production of media content, the management team of which is comprised of industry-leading professionals with extensive experience. To explore global market, Qiyuan Tianxia acquired the right for mobile game adaptations of the Hollywood movie "The Hunger Games" last year.

Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said, "The Group intends to identify and make strategic investments in best-of-breed Internet companies through a newly-established fully-owned investment vehicle. With this investment, the Group will access unexplored internet segments and bring synergistic benefit to expanding our user base, products and services in our online third-party payment platform, and enhancing our Group's profitability."

~ End ~

About Credit China Holdings Limited (Stock code: 8207)
Credit China Holdings Limited listed on the Stock Exchange of Hong Kong in November 2010. It is also a leading integrated internet finance service provider targeting SMEs. Credit China provides comprehensive, fast and convenient short-term loans and financing solutions to SMEs and individuals. The major financing service areas are: 1) Online Third-party Payment; 2) P2P Housing Loans; 3) Online P2P Loans; 4) Real Estate Collateralised Loans; and 5) Online Micro-finance.

Please subscribe to Credit China's HK wechat account to keep abreast of regular updates on the Group's business development.

Company website:
Credit China's HK wechat account: creditchina8207

This press release is released by PR ASIA Consultants Limited, on behalf of Credit China Holdings Limited.
For more information or enquiries, please contact:
Lorraine Lam / Winnie Chan / Sadie Lo
Tel: (852) 3183 0230 / 3183 0257 / 3183 0260
Fax: (852) 2583 9138

End of Press Release


- Distributed via