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RZ Obtained HKD 248 Million During its IPO in Hong Kong

Time:2016-01-20The Article Source:The People netViewed:7161

On January 17, RZ declared its listing plan in the Stock Exchange of Hong Kong Limited (SEHK), and it is planned that the public offering will last from 9:00 am on January 18 to 12:00 on January 21. The official public listing will happen on January 28 under the stock code of 3963.

According to the SEHK, RZ has started to raise capital by floating shares in Hong Kong market, and issued 100,000,000 shares at a price of HKD 2.11-2.48 per share, among which 90% will be issued in international market and 10%, for public offering in Hong Kong (subject to adjustment). HKD 248 million has been raised.

It is introduced that RZ is the oldest leading finance lease company in Hubei. As at March 31, 2015, RZ topped other players with its total asset reaching RMB 1.73 billion. RZ focuses on the financing demands of middle and small sized enterprises in Wuhan and other areas in Hubei since its foundation in 2008.

According to the President and Executive Director of RZ, Xie Xiaoqing, even under the current economic conditions, RZ’s income and the receivables of finance lease are still growing on a sustainable basis with multiple vital indexes exceeding those of other lease service providers in Hubei. By adopting a cautious and conservative strategy, RZ has signed more lease agreements or renewed ones with the existing customers, to guarantee the continuous increase of the receivables of finance lease.

Meanwhile, Xie Xiaoqing expressed that RZ aims to become a leading finance lease company benefiting the middle and small sized enterprises in central China. RZ therefore plans to greatly expand its territory in financial service and constantly provide creative products for finance lease in the next few years.

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