China Lending Corporation Announces $20 Million Capital Injection for its Financial Leasing Business
CHINA LENDING CORP ORDINARY SHARES (CLDC)
US:NASDAQ Investor Relations:
chinalending.com/a/en/investor_relations/news_releases
Company Research
Source: PR Newswire
BEIJING, Aug. 9, 2018 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (Nasdaq: CLDC), a non-bank direct lending corporation servicing micro, small and medium sized enterprises (MSME), currently underserved by commercial banks in China, today announced that, on August 6, 2018, Xinjiang Xinquan Financial Leasing Co., Ltd. ("Xinquan"), a wholly owned subsidiary of the Company that engages in the business of financial leasing, increased its registered capital from US$30.0 million to US$50.0 million. Xinjiang Heli Kaiyuan Construction Co., Ltd. ("XHKC") injected US$20.0 million of new capital into Xinquan. Upon completion of the transaction, the Company, through China Fenghui Financial Holdings Group, holds a 60% interest in Xinquan (20% is held by XHKC on behalf of the Company) and XHKC holds a 40% interest in Xinquan. About China Lending CorporationFounded in 2009, China Lending is a non-bank direct lending corporation and provides services to micro, small a
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