Hong Kong, Oct. 21, 2013 (GLOBE NEWSWIRE) -- First Asia Holdings Limited has just appointed KL Global Capital Limited to commission a 36-month listing plan on the Hong Kong Stock Exchange's Growth Enterprise Market (GEM) board for our subsidiary First Asia Finance Limited ("FAF"). Once FAF is listed on the GEM board, there will be consultations with FAHL shareholders as to the potential option to acquire shares in FAF and/or enter into share exchange arrangements with the shareholders of FAF.
First Asia Finance Limited
Our subsidiary FAF has obtained the Money Lenders License to operate as a money lender in HK. FAF grants collateral-backed loans in respect of assets that can be easily identified, accurately valued and legally charged. In most cases, we accept real estate (including buildings and land use rights) as collateral from small medium enterprises and private individuals. FAF will target low-to-medium-risk borrowers and interest rates will be charged up to the statutory cap of 60% per annum depending on the risk profile of the particular borrower.
KL Global Capital Limited
KL Global Capital Limited is a corporate consultancy company specializing in providing corporate advisory services in relation to corporate finance and IPO projects. The key management of the company is a qualified accountant with over 20 years of experience in auditing, merger & acquisition, project finance and IPO exercises. Over the past few years, the company has successfully assisted the fund-raising and IPO exercises of a number of China enterprises.