DALIAN, China, June 22 /PRNewswire-Asia/ -- China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH; hereafter referred to as "China YiBai") announced that it has completed a share acquisition with Jilin Zhengda Credit Guarantee Co., Ltd. (hereafter referred to as Jilin Zhengda), with China YiBai now holds 20% of Jilin Zhengda. Meanwhile, both companies have a reached strategic cooperation agreement.
"This share acquisition is of much significance for China YiBai to develop guarantee businesses in Northeast China, which lay the foundation for national businesses," said Mr. Alex Li, CEO of China YiBai.
"As the biggest private guarantee company, strategic cooperation with China YiBai will be of great help to launch equity mortgage loan business with a scale of RMB1 billion in Jilin province under the comprehensive guidance of China YiBai's. Therefore, loan and financing requirements from hundreds of SMEs can be solved," said Mrs. Ma Hongmei, General Manager of Jilin Zhengda.
About China YiBai United Guarantee International Holding Inc.
Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd., as the operational subsidiary of China YiBai United, is the first financial company focusing on equity mortgage loan, an innovative kind of credit guarantee in Northeastern China (including Liaoning province, Jilin province and Heilongjiang province) for Chinese SMEs. Meanwhile, China YiBai United is also engaged in personal property management and merger and acquisition. Additionally, China YiBai United also functions as financial consultant about overseas listing (including German, U.S.A., Britain and Canada). At the same time, Dalian YiBai has acquired the qualification as sponsor and market-maker from Tianjin Equity Exchange and is specializing in financing and investment services for "two-high" and "two-non" enterprises. For additional information, please visit http://www.yibaichina.com
About Jilin Zhengda Credit Guarantee Co., LtAAAAAAAA> Jilin Zhengda Credit Guarantee Co., Ltd. (hereafter referred to as Jilin Zhengda) was established in 2008 with registered capital of RMB0.1 billion. Jilin Zhengda is a credit guarantees company combined PE as foreign shareholders and other domestic strategic investors. Jilin Zhengda is specializing in mineral projects investments, mineral exploration, financing and guarantee, venture capital and consultancy about financial products. Moreover, Jilin Zhengda also functions as financial consultant and private financial advisor.
Products and services of Jilin Zhengda integrate Chinese capitals and businesses with foreign capitals. Jilin Zhengda builds the bridge for foreign capital investment, management and technology as well as investment projects. Furthermore, company also provides more opportunities for Chinese clients to participate in global market.
China Mining United Fund, established by China Mining United Investment Group, the parent company of Jilin Zhengda, is among the first batch of RMB mining investment funds approved by Development and Reform Commission. China Mining United Fund runs and operates with domestic and foreign excellent mineral companies and financial capitals.
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CHINA YIBAI UNITED GUARANTEE INTERNATIONAL HOLDING INC.
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