China Rapid Finance Retains China Merchants Bank New York and Pangaea Finance as Co-Financial Advisors for Recapitalization and Restructuring
CHINA RAPID FINANCE LTD (XRF)
Last china rapid finance ltd earnings: 11/20 07:21 pm
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Source: PR Newswire
SHANGHAI, Sept. 4, 2019 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that its Board of Directors has retained China Merchants Bank Co., Ltd., New York Branch (CMBNY), and Pangaea Finance as separate Co-Financial Advisors, and Pangaea Finance as Structuring Agent, to advise it for strategic alternatives, including but not limited to potential strategic partnerships, recapitalization of certain operating companies, and for a related reconfiguration of the Cayman company as a listed investment vehicle for China credit.Zane Wang, Chairman and Co-Chief Executive Officer of the Company commented, "We are excited to work with CMBNY and Pangaea Finance, who jointly bring expertise in the China credit market and access to global institutional credit investors. This engagement will accelerate our business transition."CMBNY is one of the six overseas branches of China Merchant Bank (CMB). CMB, publicly traded on the Hong Kong and Shanghai Stock Exchange
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