Goldbond Group

Goldbond Group Holdings Limited (the "Company") is an investment holding company incorporated in Hong Kong with its shares listed on the Stock Exchange of Hong Kong Limited (SEHK Ticker: 00172). The Group is an integrated financial services provider offering innovative one-stop financing solution to small-to-medium enterprises ("SMEs") in the Peopl... e's Republic of China ("China"). The Group commenced its financial services in China by the subscription of 40% equity interest in Rongzhong Group Limited ("Rongzhong Group") and its subsidiaries (collectively "Rongzhong Group Companies"), which offered loan guarantee services in various cities of China, including Changsha, Chengdu, Chongqing, Guangzhou and Wuhan, in 2004. Since then, with the support of the Group, Rongzhong Group Companies have (a) extended the scope of financial services provided to bridge financing services, project financing services, financial leasing services, and other financial consulting and management services, (b) established a customer base spans over 20 provinces and cities in China and (c) set up new branch offices in Nanjing, Hangzhou and Taizhou. The Group's investment in Rongzhong Group had been increased to 71% through a series of acquisitions by 2007. Since the provision of financial services is a capital intensive business, the Group, in October 2011, introduced a strategic investor, Hony Capital Fund 2008, L.P., to Rongzhong Group (the "Introduction") and completed a reorganisation involving, among others, the spinoff of Rongzhong Capital Holdings Limited ("Rongzhong Capital") and its subsidiaries (collectively "Rongzhong Capital Group"), which mainly engage principally in the provision of financial leasing and related services in China, from Rongzhong Group. Upon the completion of Introduction, Rongzhong Capital became a 50.055% owned subsidiary of the Group and Rongzhong Group became a 40% owned joint venture. The Introduction provided new fund of approximately HK$702.0 million and HK$156.0 million to Rongzhong Group and the ...Read More