TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Jul 17, 2015 21:54 JST
Source:
Zhaojin Mining
Zhaojin Mining Establishes Finance Company to Set Foot in Financial Services Industry
Optimizes Allocation of Resources And Saves Financial Cost
HONG KONG, Jul 17, 2015 - (ACN Newswire) - Zhaojin Mining Industry Company Limited ("Zhaojin Mining" or the "Company", together with its subsidiaries, the "Group", stock code: 1818) announces that Shandong Zhaojin Finance Company Limited ("Finance Company") entered into the Group Financial Services Agreement and the Parent Group Financial Services Agreement with the Company and Shandong Zhaojin Company Limited ("Shandong Zhaojin") respectively. Finance Company agreed to provide financial services to the Company and Shandong Zhaojin, which include deposit services, loan services, bill discounting services and settlement services. Besides, Finance Company will open for business on 18 July, 2015 and launch a grand opening ceremony in the city of Shandong Yantai. It officially starts to provide high-quality and all-dimension financial services to the Group and its subsidiaries.
Finance Company is jointly funded and established by the Company, Shandong Zhaojin and Zhaoyuan Gold Smelting Company Limited owned by Shandong Zhaojin, with registered capital of RMB 500 million. The Company is the controlling shareholder, with 51% equity interest of the Finance Company. Finance Company is a non-banking financial organization registered officially on 1 July, 2015 and authorized by China Banking Regulatory Commission. Its purpose is to strengthen the Company's central management of capital and enhance efficiency of capital use.
Mr. Weng Zhanbin, Chairman of Zhaojin Mining Industry Company Limited said, "The establishment of Finance Company is the Company's key measurement to facilitate strategical transformation and adaptation to the new economics' norm. Finance Company will leverage the four functions, named "capital collection platform, capital settlement platform, capital monitoring platform, and financial services platform", to provide quality financial service for the Company's industry chain management, optimize Company's allocation of resources, broaden finance channels, save financial cost, secure capital and improve operation efficiency. The agreement marks the beginning of the integration of the Company's industrial capital and financial capital, and lays a solid foundation for the Company's financial services business to develop. In a nutshell, this represents Zhaojin Mining's participation in the financial services industry."
Source: Zhaojin Mining
Sectors: Daily Finance
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
The Logic Behind Fosun's "Weight-loss" Actions: To Focus on the Core Businesses and Deepen Innovation and Globalization
November 16 2022 10:11 JST
Zhaojin Mining Industry Co., Ltd. (01818): Haiyu goldmine progresses smoothly, showing this gold giant with a high alpha
September 13 2022 15:00 JST
The Return of the King: Basic and Diluted EPS of Zhaojin Mining Achieved a Substantial Increase of 85.71% and Its Net Profit Reached 452 Million for the Interim Results
August 25 2020 22:50 JST
Zhaojin Mining Announces 2018 Annual Results
March 24 2019 20:04 JST
Sparky International, a Wholly-owned Subsidiary of Zhaojin Mining with Shandong Gold Mining Entered into the Cornerstone Investment Agreement
September 13 2018 20:40 JST
Zhaojin Mining 2018 Interim Results Remains Robust
August 24 2018 21:29 JST
Zhaojin Mining Announces 2016 Annual Results
March 19 2017 19:58 JST
Mr. Weng Zhanbin, Chairman of Zhaojin Mining is named "The Most Influential Leader of Listed Company" of "Golden Bauhinia Awards 2016"
November 23 2016 18:53 JST
Zhaojin Mining 2016 Interim Results Remains Stable
August 21 2016 23:22 JST
Zhaojin Breaks the Record High for Yield; Innovation and Efficiency are greatly Enhanced
March 28 2016 20:42 JST
More Press release >>
Latest Press Release
Mitsubishi Heavy Industries Achieves Highest-Ever Order Intake, Revenue, Net Income, and Free Cash Flow in FY2024, Increases Dividends, and Releases FY2025 Guidance
May 09, 2025 18:57 JST
Valuufy Selected by Global Tech Leader for Environmental Impact Assessment
May 09, 2025 18:00 JST
Mazda Adopts North American Charging Standard for BEVs launched in Japan
May 09, 2025 16:03 JST
Mitsubishi Motors to Launch an All-New BEV Based on Nissan's Next-Generation LEAF in North America in the Second Half of 2026
May 08, 2025 11:25 JST
Mitsubishi Motors and Foxtron Sign MOU for OEM Supply of EV
May 08, 2025 11:08 JST
Everest Medicines Announces NMPA Full Approval of NEFECON, Broadening Treatment Access for IgA Nephropathy Patients in China
May 07, 2025 19:06 JST
Anime Tokyo Station: Mobile Suit Gundam GQuuuuuuX -Beginning- Special Exhibition
May 03, 2025 03:00 JST
TOYOTA GAZOO Racing Set for Spa spectacle
May 02, 2025 19:29 JST
FWD Group reports exceptionally strong first quarter new business update
May 02, 2025 17:00 JST
Toyota Mobility Foundation, Bangkok Metropolitan Administration, UN-Habitat, Asian Institute of Technology and Toyota Motor Thailand Sign a Letter of Intent (LOI) to Launch the TRUST Project for Road Safety in Thailand
May 01, 2025 17:48 JST
Katalon Officially Launches TrueTest(TM) - The First AI-Native Testing System That Thinks Like a Tester and Learns from Users
Apr 30, 2025 17:20 JST
Eisai Representative Corporate Officer and CEO Haruo Naito Awarded the Order of the Rising Sun, Gold and Silver Star
Apr 30, 2025 14:17 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of Large Car Ferry KEYAKI in Shimonoseki
Apr 29, 2025 17:24 JST
NEC DGDF Headquarters relocates to Zurich to accelerate growth and enhance management globally
Apr 28, 2025 16:03 JST
NEC achieves Japan's longest terrestrial wireless optical communication over 10 km
Apr 25, 2025 17:50 JST
Olympus Appoints New CEO
Apr 25, 2025 15:30 JST
DENSO Announces Year-End Financial Results
Apr 25, 2025 12:17 JST
DENSO and DELPHY Sign Memorandum of Understanding to Develop Data-Driven Smart Horticulture
Apr 24, 2025 18:43 JST
MyJCB App Wins "iF DESIGN AWARD 2025"
Apr 24, 2025 17:00 JST
Fujitsu launches new company 1FINITY to strengthen network products business
Apr 24, 2025 16:24 JST
More Latest Release >>