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Press release
Apr 24, 2015 21:00 JST
Source:
Zhongsheng Group Holdings Limited
Zhongsheng Yihui Financial Leasing Co., Ltd. Opens in Shanghai FTZ
HONG KONG, Apr 24, 2015 - (ACN Newswire) - Zhongsheng Yihui Financial Leasing Co., Ltd. ("Yihui") has finished the business registration procedure and successfully opened in Shanghai Free Trade Zone lately. Zhongsheng Yihui was established by Zhongsheng Group Holdings Limited ("Zhongsheng Group" or "the Company", Stock Code: 881) with 100% ownership.
Zhongsheng Group is one of the leading national automobile dealership groups in China. The Company owns a comprehensive 4S dealership network nationwide, covering affluent cities and regions of China. Zhongsheng Group's existing brand portfolio covered luxury brands such as Mercedes-Benz, Audi, Lexus, Porsche, Jaguar Land Rover, Chrysler, Volvo and Imported Volkswagen, as well as Toyota and Honda. The Group was the first company being granted dealership rights by Toyota and one of the first authorized dealerships for Lexus and Audi in China. As at 31 December 2014, Zhongsheng Group owned 191 dealership stores, consisting of 80 luxury brands and 111 high-end brands, with a network of 70 cities in 19 provinces and areas.
The financial leasing company established in Shanghai FTZ operates different kinds of financial leasing business including direct lease, sale-leaseback, commercial factoring, etc. Leveraging on the favorable policies of the FTZ, it will enable Yihui to extend its service radius, gain more clients from home and abroad and get more opportunities in cross-border investment and financing, domestic and foreign business linkage areas. It will also exert Zhongsheng Group's advantage of an extensive network and good brand portfolio to enhance its competitiveness as well as provide more comprehensive services.
Source: Zhongsheng Group Holdings Limited
Sectors: Daily Finance
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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