Neo Capital Inducts New Strategic Investors to Fortify Corporate Governance Structure
SHENZHEN, China, Feb. 7, 2018 /PRNewswire/ -- Neo Capital, a Chinese comprehensive FinTech group, announced that it has introduced two strategic investors, Guangdong Zhongke Yunfu Venture Investment Co.,Ltd.("Yunfu"), a technology company under Chinese Academy of Sciences (CAS), and Shanghai Flying Dragon Investment Management Co., Ltd. ("Flying Dragon"), an A-share listed controlling shareholder industrial company in China.
This induction of strategic partners with various advantages to enrich shareholding structure is Neo Capital's long planned strategic deployment. Peng Tie, Chairman of Neo Capital, disclosed at the annual meeting of Neo Capital held in January 2018 that Neo Capital will focus on integration of industry and finance and serve the real economy in the next 5 years, carrying out financial, technological and model innovations in order to build technological innovation platform charged with capital values and to participate in the public capital market so that more excellent shareholders will be introduced into Neo Capital's simple shareholding model with the corporate governance of Neo Capital being greatly improved.
In recent years, Neo Capital has committed to speeding up its corporate upgrading by implementing FinTech strategy, collaborating with corporate entities and companies of cloud computing technology to map out the "technology + industry + finance" deployment on the basis of its own experience in comprehensive financial services, and actively explore those new models which integrate finance, technology and industry.
The induction of Yunfu can be regarded as Neo Capital's extension in the field of technology. Neo Capital will work with Yunfu to push forward the in-depth cooperation in terms of technological innovation, business expansion, product R&D, and project investment. In the future, both parties will carry out complementary exchanges of strengths and resources, continue exploring projects for FinTech applications, and continue upgrading the capability in technology and risk control so as to support the Group's industrialized finance development strategy.
As for the induction of Flying Dragon, the relevant officer of Neo Capital expressed that since the nature of finance is serving the real economy, Neo Capital has been exploring the path for finance to support the development of the real economy, and has tapped into such fields as big consumption, big health and artificial intelligence. It has accumulated plenty experience in the integration of industry and finance to successfully support the great-leap-forward development of the Group's business. In addition, the supply chain finance is also an important way for Neo Inclusive Finance to expand its SME owners and even financial resources for individuals. In the future, Neo Capital will continue the exploring to develop the connection among business entities by financial means and to provide more basic financial services.
About Neo Capital
Neo Capital Management Group Limited, founded in 2012, is based in Shenzhen and has four management centers in Beijing, Shanghai, Shenzhen and Hong Kong, with business in Australia, London, New York, other international financial centers, as well as Silicon Valley. Neo Capital is a comprehensive FinTech group that specializes in wealth management, investment management, FinTech and combines industry and finance. With the mission of "offering equal financial services to everybody," the group specializes in combining industry and finance, serving the real economy, and committing itself to providing the public with comprehensive, professional household financial services, to promote household finance in China. Currently, Neo Capital has 286 branches and serves more than 8 million customers worldwide. Specifically, its Internet finance platform has more than 5 million registered users and more than 11,000 employees.
About Guangdong Zhongke Yunfu Venture Investment Co.,Ltd.
Yunfu is a wholly owned subsidiary by Dongguan-based Chinese Academy of Sciences Cloud Computing Industry Technology Innovation and Incubation Center, a center jointly established by Chinese Academy of Sciences (CAS) and the People's Municipal Government of Dongguan as the first cloud computing R&D institution for CAS to co-found with a local government, featuring the technology, talents, equipment, network and other core resources for the technology innovation in the field of cloud computing.
About Shanghai Flying Dragon Investment Management Co., Ltd.
Shanghai Flying Dragon Investment Management Co., Ltd., is the majority shareholder of the A-share listed industrial company of Kingee Culture Development Co., Ltd.
For media inquiries:
Neo Capital Management Group Co., Ltd
Cecile Zhang
Phone: +86-186-2165-8793, +852-6741-3407
Email: cecile.zhang@xiaoniu66.com
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SOURCE Neo Capital Management Group Co., Ltd.
