Mercurius Capital Investment Limited (formerly: CCFH)

[CityFarmer]

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

[cyclone]

Change of Controlling Shareholder

Mr Zhang Zhize on 22 December 2015 entered into and completed a married deal with Mr Chang Wei Lu in relation to the sale of 255,041,534 ordinary shares of the Company held by Mr Zhang Zhize to Mr Chang Wei Lu, such Shares representing 23.10% of the issued share capital of the Company, for a cash consideration of S$2,295,373.81. (Equivalent to SGD 0.009 per share, about 10% discount to last transacted price of SGD 0.01 on 21/12/2015)

Mr Zhang Zhize was the Executive Director and Chief Operating Officer of the Company for the period from 3 August 2010 to 26 February 2015.

Mr Chang Wei Lu is an Executive Chairman and Executive Director of the Company who owns 8,000,000 Shares, representing a total of 0.73% of the issued share capital of the Company immediately prior to the completion of the Transaction.

Following the completion of the Transaction, Mr Zhang Zhize has ceased to be a controlling shareholder of the Company, and Mr Chang Wei Lu will be the controlling shareholder of the Company owning an aggregate of 263,041,534 Shares, representing 23.83% of the issued share capital of the Company.