By GlobeNewswire, October 21, 2013, 05:08:00 AM EDT
First Asia Finance Limited's Listing Plan on HKEX GEM board
Hong Kong, Oct. 21, 2013 (GLOBE NEWSWIRE) -- First Asia Holdings Limited has just appointed
KL Global Capital Limited to commission a 36-month listing plan on
the Hong Kong Stock Exchange's Growth Enterprise Market (GEM) board
for our subsidiary First Asia Finance Limited ("FAF"). Once
FAF is listed on the GEM board, there will be consultations with
FAHL shareholders as to the potential option to acquire shares in
FAF and/or enter into share exchange arrangements with the
shareholders of FAF.
First Asia Finance Limited
Our subsidiary FAF has obtained the Money
Lenders License to operate as a money lender in HK. FAF
grants collateral-backed loans in respect of assets that can be
easily identified, accurately valued and legally charged. In
most cases, we accept real estate (including buildings and land use
rights) as collateral from small medium enterprises and private
individuals. FAF will target low-to-medium-risk borrowers and
interest rates will be charged up to the statutory cap of 60% per
annum depending on the risk profile of the particular borrower.
KL Global Capital Limited
KL Global Capital Limited is a corporate
consultancy company specializing in providing corporate advisory
services in relation to corporate finance and IPO projects.
The key management of the company is a qualified accountant with
over 20 years of experience in auditing, merger & acquisition,
project finance and IPO exercises. Over the past few years,
the company has successfully assisted the fund-raising and IPO
exercises of a number of China enterprises.
CONTACT: Unit 1604, 16/F, Tower 2, Silvercord, 30 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong (email@example.com)
Source: First Asia Holdings Limited