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Flying Financial Enters Limited Partnership with Country Garden to Invest in a Property Project in the PRC

Flying Financial Service Holdings Limited
2015-07-30 19:42 2897

HONG KONG, July 30, 2015 /PRNewswire/ -- Flying Financial Service Holdings Limited ("Flying Financial" or "the Company", together with its subsidiaries, the "Group", stock code: 8030) is pleased to announce that it has entered into a Limited Partnership with Shenzhen Bigui Rongxin Investment Management Co., Limited on July 29, 2015 to form a limited partnership and invest in the Investment project which is a real estate development project in Shenzhen, the PRC by Country Garden (Stock Code: 2007).

According to the agreement, the Limited Partnership shall have an investment term of one year. The total capital contribution of the project shall not exceed RMB120 million. Shenzhen Bigui Rongxin Investment Management Co., Limited shall contribute not more than RMB5 million but not less than RMB1 million. The Group shall contribute not more than RMB50 million. The expected annualized rate of return of the investment to the group to be approximately 20% or above.

Mr. Zheng Weijing, Chairman of Flying Financial, said, "We believe that the investment represents a good investment opportunity to the Company. We anticipate a reasonable return from the investment in the medium term as regards the cooperation with Country Garden. The Board also considers that the investment will provide the Company with a good opportunity to further promote its financial products to the potential customers in the real estate sector."

Flying Financial Service Holdings Limited

Flying Financial Services Holdings Limited (Stock Code: 8030) is a professional financial service institution focus on designing "tailor-made" plans for corporations, financial institutions and high net worth clients. The head quarter is located in Shenzhen and was officially listed at HKEx since 7th May 2012. The trading network covers the whole country and the branches set up including Hong Kong, Beijing, Shanghai and Yunnan.

The company has 15 years and over 100 billion estate and financial service experience; having professional and international service team; conserving long-term and stable strategic partnership with multiple banks, trusts, brokerage firms and prominent integrated real estate corporations to achieve diversified and sustainable business development.  

In 2014, the company launched a series of products called "The Industry of Real Estate Financial Services" and successfully purchase the internet financial platform Hui LiCai (www.huilc.cn), along with the trend, established "Internet+Financial+Real Estate", a transboundary trading. The company with commit to serve in the chain industry in the future.

 

 

Source: Flying Financial Service Holdings Limited
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