What a diversification, from children's fashion, to wealth management. One for kids, and the other for adults. I don't find any common among the two.
Is wealth management a "hot" sector in China now?
CCFH to venture into corporate finance, wealth management in China
SINGAPORE (Jan 19): CCFH, an investment holding company focusing on children's fashion, is seeking to diversify into the corporate finance and wealth management businesses in China.
The company, formerly known as Friven & Co, has offered to acquire a firm incorporated in the British Virgin Islands called Mercury Capital Asset Management.
The target company provides "creative investment solutions" through traditional and alternative equity investment products, wealth management and investment services, strategic asset allocation and professional immigration consultation services, and investment products across various asset classes, CCFH said in a regulatory filing today.
CCFH will pay no more than $2.8 million, in the form of new shares at 1.75 shares apiece, for Mercury Capital.
Key executives of Mercury Capital will become executive directors at CCFH after the acquisition.
"The company is seeking to diversify its business for continued growth and success, and has identified the business of corporate finance and financial services, comprising investment business, fund management, wealth advisory, and asset allocation services to be business activities that could provide opportunities for diversification of its revenue streams and growth," CCFH said.
CCFH shares rose 12.5% to 1.8 cents last Friday.
http://www.theedgemarkets.com/sg/article...ment-china
Is wealth management a "hot" sector in China now?
CCFH to venture into corporate finance, wealth management in China
SINGAPORE (Jan 19): CCFH, an investment holding company focusing on children's fashion, is seeking to diversify into the corporate finance and wealth management businesses in China.
The company, formerly known as Friven & Co, has offered to acquire a firm incorporated in the British Virgin Islands called Mercury Capital Asset Management.
The target company provides "creative investment solutions" through traditional and alternative equity investment products, wealth management and investment services, strategic asset allocation and professional immigration consultation services, and investment products across various asset classes, CCFH said in a regulatory filing today.
CCFH will pay no more than $2.8 million, in the form of new shares at 1.75 shares apiece, for Mercury Capital.
Key executives of Mercury Capital will become executive directors at CCFH after the acquisition.
"The company is seeking to diversify its business for continued growth and success, and has identified the business of corporate finance and financial services, comprising investment business, fund management, wealth advisory, and asset allocation services to be business activities that could provide opportunities for diversification of its revenue streams and growth," CCFH said.
CCFH shares rose 12.5% to 1.8 cents last Friday.
http://www.theedgemarkets.com/sg/article...ment-china
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡