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| Consolidates its Leading Presence in the Industry and Bolsters its Overall Competitiveness |
HONG KONG, July 6, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group"), a leading provider of short to medium-term financing and financing-related solutions in China, has officially transferred its listing from the Growth Enterprise Market ("GEM Board") to the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") under the new stock code 6878.
 | | Shares of Differ Group Commence Trading on The Main Board of SEHK |
Mr. HONG Mingxian, Chairman and Executive Director of Differ Group, said, "Listing on the Main Board of SEHK today marks another important milestone in our history as the Group shifts to a wider platform to seize greater opportunities ahead. The Group has focused on the development of short to medium-term financing and financing-related solutions businesses, and has made great achievements since established. Management believes that transferring to the Main Board can strengthen the Group's growth momentum, increase the flexibility of business and help to enhance our corporate image and share liquidity. Capitalising on the international financing platform in Hong Kong, we aim to capture the opportunities that can facilitate our business development and which offer growth potential, attract more potential investors, and further enhance our overall competitiveness, so as to consolidate our leading position in the financing service industry and lay a solid foundation for our long-term development."
Differ Group was listed on the GEM Board of the SEHK on 9 December 2013. The last trading day of the Group's shares under its original stock code 8056 on the GEM Board was 3 July 2015, while the first trading day under the new stock code 6878 on the Main Board has begun on 6 July 2015. 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 several times after listing. 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.
Mr. HONG concluded, "We have strong confidence in the development prospects of China's loan market. Looking forward, the Group will continue to consolidate the existing financing services while actively expanding into new businesses such as P2P loans and internet microfinancing in order to provide a more diversified financing solution portfolio. This expansion is expected to bring new growth drivers to the Group. Moreover, we are also focusing on evaluating potential advantages of the new businesses mentioned above and the synergies created with our existing businesses, so as to capture development opportunities in the market and generate sustainable and promising returns for shareholders."
Photo caption:
From left to right:
1. Hong Kong Exchanges and Clearing Limited Senior Vice President, Listing Department Ms. Lin SHI
2. Differ Group Holding Company Limited Independent Non-executive Director Mr. CHAN Sing Nun
3. Differ Group Holding Company Limited Non-executive Director Mr. CAI Jianfeng
4. Differ Group Holding Company Limited Executive Director and Chief Executive Officer Mr. NG Chi Chung
5. Differ Group Holding Company Limited Political Committee Secretary Mr. ZHONG Wei Dong
6. Differ Group Holding Company Limited Executive Director and Chairman Mr. HONG Mingxian
7. Hong Kong Exchanges and Clearing Limited Head of Market Operations Mr. Roger LEE
8. Differ Group Holding Company Limited Executive Director Mr. CAI Huatan
9. Differ Group Holding Company Limited Non-executive Director Mr. WU Qinghan
10. Differ Group Holding Company Limited Independent Non-executive Director Mr. ZENG Haisheng
11. Hong Kong Exchanges and Clearing Limited Vice President, Client Business Development Mr. Michael CHAN
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
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From the Asia Corporate News Network
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