Credit China Issues HK$300 Million Convertible Bonds and Forms

Date: 11 May, 2015
To: Finance Section Editors/Reporters
[For Immediate Release]
Credit China Issues HK$300 Million Convertible Bonds and
Forms Joint Venture with Shenzhen Aisidi to
Bolster the Internet Finance Business in Communications Sector
(11 May 2015, Hong Kong) Credit China Holdings Limited (“Credit China” or the
“Company”; together with its subsidiaries, the “Group, stock code: 8207), one of the
leading internet financing service providers in China, announced that the Group has
entered into a subscription agreement with Shenzhen Aisidi Company Limited (stock
code: SZ:002416)(“Aisidi”) to issue 6% unsecured convertible bonds in the principal
amount of HK$300 million with estimated net proceeds of approximately HK$299 million for
general working capital or the purpose of financing future acquisitions. Pursuant to the
agreement, assuming full conversion of the 3-year convertible bonds at an initial conversion
price of HK$2.6 per share, the convertible bonds will be convertible into approximately 115
million conversion shares, representing approximately 3.57% and 3.44% of the existing
issued share capital and the issued share capital as enlarged by the issue of the conversion
shares respectively.
The Group also announced to enter into a joint venture agreement with Aisidi, and the joint
venture company will principally be engaged in the provision of a one-stop paid capital flow
and financing consulting service in the areas of “peer-to-peer” (P2P) and “peer-to-business”
(P2B) to those downstream distributors of Aisidi’s supply chain service system.
Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said,
“The strategy of Aisidi, a top ranking mobile phones and digital electronic products
distributor in China, to focus on expanding its internet distribution business is in line with the
Group’s development direction of internet finance business. The subscription demonstrates
Aisidi’s recognition towards Credit China. Upon setting up a joint venture company, we will
build a closer strategic partnership, and explore new markets by leveraging on the leading
position of Aisidi in mobile distribution sector.”
Shenzhen Aisidi Company Limited, a listed company on the Shenzhen Stock Exchange
(stock code: SZ:002416), is one of the largest mobile distributors in the PRC. The company
is principally engaged in the distribution and retail of mobile phones and digital electronic
products. It is a key partner and core distributor of the world’s famous brands such as
Samsung, Apple, Lenovo, Huawei, etc., with an annual distribution volume of over 38
million units for electronic products and mobile phones and a turnover of RMB48 billion. In
the past few years, Aisidi has actively turned to an internet O2O distributor by providing
comprehensive, value-added services, such as integration of communication devices and
terminal products, sales of content products, and provision of data marketing platform, and
etc.
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About Credit China Holdings Limited (Stock code: 8207)
Credit China Holdings Limited listed on the Stock Exchange of Hong Kong in November 2010. It is also a
leading integrated internet financing service provider targeting SMEs. Credit China provides comprehensive,
fast and convenient short-term loans and financing solutions to SMEs and individuals. The major financing
service areas are: 1) P2P Housing Loans; 2) P2P Automobile Loans; 3) Online Third-Party Payment; 4) Real
Estate Collateralised Loans; 5) Micro-finance and 6) Finance Leasing.
Please subscribe to Credit China’s HK wechat account to keep abreast of regular updates on the Group’s
business development.
Company website：www.creditchina.hk
Credit China’s HK wechat account: creditchina8207
This press release is released by PR ASIA Consultants Limited, on behalf of Credit China Holdings
Limited.
For more information or enquiries, please contact:
Lorraine Lam / Winnie Chan / Sam Choi
Tel: (852) 3183 0230 / 3183 0257 / 3183 0242
E-mail: [email protected]