Differ Group Provides Financing Services for Agricultural Drones in Jiangxi Province

May 09, 2016 21:17 JST

Source: Differ Group Holding Company Limited

Supports the National 13th Five-Year Plan; Grasps Development Opportunities In People's Livelihood Industry

HONG KONG, May 09, 2016 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 6878.HK), a leading provider of short- to medium-term financing and financing-related solutions in China, has today announced that its wholly-owned subsidiary has entered into a framework agreement (the "Agreement") with the People's Government of Yujiang County ("Yujiang Government") and an independent third party (the "Independent Third Party").

(Start from left) (First Left) Mr. Ronie Cheng－Director Corporate Finance, Differ Group Holding Company Limited, (Second Left) Mr. Su Xingzhao－Chairman, Jiashi (Xiamen) Financial Lease Limited, (Middle) Mr. Ng Chi Chung－Chief Executive Officer and Executive Director, Differ Group Holding Company Limited, (Second Right) Mr. Cai Huatan－Honorary Chairman and Executive Director, Differ Group Holding Company Limited, (First Right) Mr. Tam Wai Tak－Financial Controller, Differ Group Holding Company Lim

The Agreement is a mutual understanding of intention of future business strategic cooperation between Differ China and the Independent Third Party. The Independent Third Party has agreed with the Yujiang Government to invest an aggregate amount of RMB2.0 billion in the agricultural drones business in Yujiang County. In order to satisfy the financial needs of the Independent Third Party in the development of the agricultural drones business, Differ Group has agreed in principle to provide financing to the Independent Third Party to satisfy its operational needs. In view of the prospects for ecologically-based agriculture in the People's Republic China and the strategic direction of the National 13th Five-Year Plan, apart from providing financing, Differ Group, the Yujing Government and the Independent Third Party are to further discuss and explore the possible cooperation and investment opportunities in relation to the agricultural drones business.

Mr. Hong Mingxian, Chairman of the Group, said, "This strategic cooperation will accelerate the pace of development of the Group's financing services and enhance its reputation. We will further assist small and medium enterprises to strengthen their financial position whereby Differ Group becomes their preferred financial services platform. Following its subscription and placing of a convertible bond agreement announced last week, the Group is confident in its abundant capital and will continue to actively support the National 13th Five-Year Plan. The Group will grasp the opportunities available in people's livelihood-based industries in order to lay a solid foundation for its long-term development."

Contact:

Strategic Financial Relations Limited
Heidi So   +852 2864 4826  heidi.so@sprg.com.hk
Angel Li   +852 2864 4859  angelok.li@sprg.com.hk
Jenny Lam  +852 2864 4883  jennysy.lam@sprg.com.hk
Fax: +852 2804 2789 / +852 2527 1196

Source: Differ Group Holding Company Limited
Sectors: Daily Finance, Daily News