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| Monday, 12 December 2016, 18:56 HKT/SGT | |
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Jointly Establish Goldjoy Holding To Build Comprehensive Financial Services Platform for Greater China Market
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HONG KONG, Dec 12, 2016 - (ACN Newswire) - China Goldjoy Group Limited ("China Goldjoy" or the "Group"; HKEX: 1282), which has earlier engaged in strategic mergers and acquisitions with China Yinsheng Capital Group Limited ("China Yinsheng"), announced today that the two partners have jointly established Goldjoy Holding Limited ("Goldjoy Holding") to build a comprehensive financial services platform in Greater China. Today, China Yinsheng Securities Limited ("China Yinsheng Securities") also hosted a dinner to celebrate its 18th anniversary.
 | | Four executive directors of Goldjoy Holding attend the press conference on the strategic M&A, including Mr. Li Minbin, Mr. Shao Zuosheng, Mr. Kenneth Cheung and Mr. Matthew Kwok (from left to right). |
In August this year, China Goldjoy completed acquisition of six wholly-owned subsidiaries of China Yinsheng, namely China Yinsheng Securities, China Yinsheng Asset Management Limited, China Yinsheng Wealth Management Limited, KB Credit Limited, KB Bullion Limited and KB Investment Limited, which have all since become China Goldjoy's indirect subsidiaries.
With China continuing to pursue in-depth reform and kicking off a new round of efforts to open her economy to foreign investment, the Group has made relevant plans and further strengthened the cooperation with China Yinsheng by jointly setting up Goldjoy Holding. The six subsidiaries previously acquired are now grouped under Goldjoy Holding and have been renamed [China Goldjoy Securities Limited, China Goldjoy Asset Management Limited, China Goldjoy Wealth Management Limited, China Goldjoy Credit Limited, China Goldjoy Bullion Limited and China Goldjoy Investment Limited].
Goldjoy Holding holds a full suite of financial service licences. With asset and wealth management at the core, the six subsidiaries also provide services in areas including global securities, futures, commodity and financial planning. By working with top financial institutions in the world, using the Fintech, expanding existing product mix and actively optimising its financial services platform, it can help customers live prosperous lives. Furthermore, with its finger on the pulse of the market and eye on the Greater China market, Goldjoy Holding will establish a foothold in Beijing and other major cities in Mainland China adding to its presence in Shanghai and Shenzhen. It will increase investment for the purpose of building a new financial services platform.
Mr. Shao Zuosheng, Executive Director and Senior Vice President of China Goldjoy, and Executive Director of Goldjoy Holding, said, "To capture the enormous growth potential in the financial services markets in China and the entire Greater China region, and the vast opportunities arising from the Shanghai-Hong Kong Stock Connect and newly launched Shenzhen-Hong Kong Stock Connect, China Goldjoy , through Goldjoy Holding, strives to enhance its capability in providing comprehensive financial services and expand business coverage in the Greater China market with a focus on Mainland China, Hong Kong and Macau. In addition, we will actively develop emerging industries and speed up development of new energy and smart manufacturing businesses in line with our business diversification strategy. We will seize business opportunities that match our key development emphases namely comprehensive financial services, asset management and emerging industries, and endeavor to create value for our customers, shareholders and business partners."
Mr. Kenneth Cheung, Chairman and CEO of China Yinsheng, and Executive Director of Goldjoy Holding, said, "China Yinsheng has grown together with its customers over the past 18 years since its inception. In the future, we will make the best use of our excellent brand and competitive advantages, consolidate the Group's innovative technology and continue to develop and optimise products for the six subsidiaries under Goldjoy Holding. Offering complementary online transaction and offline wealth management and asset allocation services, we hope to become our customers' most trustworthy financial services partner. We will capitalise on the leading presence of China Goldjoy in the Mainland market and the huge service network and professional talent of China Yinsheng in Mainland China and Hong Kong to optimise Goldjoy Holding's service channels and product mix, as well as its operational efficiency and service quality, for it to become an ever stronger asset and wealth management financial group."
About China Goldjoy Group Limited (HKEx stock code: 1282)
China Goldjoy Group Limited is principally engaged in the trading and providing services with respect to automation related equipment; manufacturing; securities investment; and financial services. In 2015, China Goldjoy devoted its full effort to push forward with its transformation into a high value-added and well-diversified business and eliminated its low-margin and low value-added electronic manufacturing business, with focuses on the development of comprehensive financial services, asset management and emerging industries. Currently, China Goldjoy, through Goldjoy Holding Limited, its licensed subsidiaries, is carrying out asset and wealth management, securities, futures, precious metals trading, credit financing services in Hong Kong and operating private equity funds in the PRC. For emerging industries, China Goldjoy is also actively developing the new energy industry and light-emitting diode (LED) manufacturing business. Looking ahead, China Goldjoy will continue to actively identify investment opportunities in financial services, assurance and reassurance industry, new energy and new technology industry, further enhance its ability in providing comprehensive financial services in the PRC and drive the development of new energy business.
China Goldjoy is the constituent of several Hang Seng indexes, including Hang Seng High Beta Index, Hang Seng Internet & Information Technology Index, Hang Seng Global Composite Index, Hang Seng Composite Index Series - Hang Seng Composite Index, Hang Seng Composite Industry Index - Information Technology, Hang Seng LargeCap & MidCap Index, Hang Seng MidCap & SmallCap Index and Hang Seng MidCap Index. The Group is one of the stocks eligible for trading in Mainland China under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect schemes. Company website: www.hk1282.com
About China Yinsheng Capital Group Limited
China Yinsheng Capital Group Limited was established in April 2012. In addition to traditional global securities business, it also operates other quality businesses including wealth management, asset management, financial planning and private banking, and holds private equity fund licences in Mainland China and Hong Kong. Its aim is to provide customers in Mainland China and Hong Kong more comprehensive financial products and services, easing investment planning in RMB and USD by customers. In 2013, the Group introduced different insurance products and investment projects (such as customised wealth management and asset allocation, etc.) in its portfolio for customers' selection. Its team boasts extensive people/ market/ business information and relationship, and thus is able to meet the investment needs of existing and potential customers, helping them avoid risks and increase asset value. Company website: www.chinayss.com.hk
Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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