Differ Group Enters into a Strategic Agreement with BOCOM; Receives RMB1.2 Billion of Comprehensive Financial Products and Services

Apr 21, 2015 23:20 JST

Source: Differ Group Holding Company Limited

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HONG KONG, Apr 21, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 8056), a leading provider of short-to-medium-term financing and financing-related solutions in China, has announced that its wholly-owned subsidiary has entered into a strategic cooperation framework agreement with the Bank of Communications Co., Ltd. Xiamen Branch ("BOCOM Xiamen").

Differ Group Enters into a Strategic Agreement with BOCOM; Receives RMB1.2 Billion of Comprehensive Financial Products and Services

The Framework Agreement serves as a mutual understanding of intention of future business strategic cooperation between Differ Group and BOCOM Xiamen and is valid for 5 years. Pursuant to the Framework Agreement, in order to satisfy the different needs of the Group in its business operations, BOCOM Xiamen agreed to provide the Group with comprehensive financial products and services with aggregate values totaling RMB1.2 billion. Specific details of the type and amount of financial products and services to be provided are not specified in the Framework Agreement.

Mr. Hong Mingxian, Chairman of Differ Group, said, "We are honoured to forge the strategic cooperation with BOCOM Xiamen. The agreement secures a reliable outline for comprehensive financial products and services and strong support from BOCOM Xiamen in order to boost our business development, further enhance our leading position in the financing service industry and lay a long-term development foundation for the Group. At the same time, significant synergies are facilitated through closer ties between both parties. We are closely monitoring the development of free-trade zone and capturing the opportunities brought by the "One Belt One Road" national policy. The Group is also seeking to develop new businesses such as P2P loans and internet microfinance, so as to expand our reach in the internet financing sector and facilitate sustainable development. We strongly believe this cooperation will enhance the Group's recognition and provide economic return from different areas, thus creating greater returns for our shareholders in the long run."

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

Source: Differ Group Holding Company Limited
Sectors: Daily Finance