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    Based on leasing and out of leasing, debt business and equity investment go hand in hand

    NEWS

    Based on leasing and out of leasing, debt business and equity investment go hand in hand

    • Categories:Information
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    • Time of issue:2017-06-05 16:03
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    (Summary description)On March 17, 2017, Shang Bing, vice president of Far East Horizon Co., Ltd. and chairman of Far Wing Investment, led an investigation team composed of Far East Industrial Equipment Division, Far Wing Investment...

    Based on leasing and out of leasing, debt business and equity investment go hand in hand

    (Summary description)On March 17, 2017, Shang Bing, vice president of Far East Horizon Co., Ltd. and chairman of Far Wing Investment, led an investigation team composed of Far East Industrial Equipment Division, Far Wing Investment...

    • Categories:Information
    • Author:
    • Origin:
    • Time of issue:2017-06-05 16:03
    • Views:
    Information

    On March 17, 2017, Shang Bing, vice president of Far East Horizon Co., Ltd. and chairman of Far Wing Investment, led an investigation team composed of Far East Industrial Equipment Division, Far Wing Investment, a subsidiary of Far East Investment, and the invested company EconTech to visit Chongqing. Automobile industry, and conducted in-depth exchanges with local leading companies such as Lifan Group and Xiaokang Group.

    In the morning of the same day, accompanied by Yin Mingshan, chairman of Lifan Group, Far East Horizon Xinbing and his party visited the third factory of Lifan in Chongqing, focusing on the major production lines and major models of Lifan. It is reported that Lifan Group was established in 1992 and is one of the largest private enterprises in China. At present, it has developed into a new energy industry as a strategic development direction, integrating scientific research and development, engine, general machine, motorcycle and automobile production and sales. The main business is a large private enterprise integrating financial securities and real estate.

     

    Shang Bing and his party visited Chongqing Lifan No.3 Factory

     

    After the visit, Shang Bing introduced to Yin Mingshan the development history of Far East Horizon, the layout of Far East Tooling and Far Wing's investment in the automotive industry, and the strategic development vision of Far East's "finance + industry". Yin Mingshan said that Lifan Group highly recognizes Far East Horizon's industry depth and dominant position, and hopes that both parties will seek opportunities for in-depth cooperation in finance and industry in the future. He pointed out that China's auto industry is still significantly lagging behind developed countries, and its technological dependence on foreign countries is too high. Only when the new energy vehicles are completed can China's automobiles be bigger and stronger.

     

    The Far East Horizon team and colleagues of Lifan Group communicated in depth

     

    Subsequently, the Far East Horizon team and colleagues of the Lifan Group carried out more in-depth exchanges: in the financial direction, Zhaxi, the regional director of the Far East Leasing Industrial Equipment Division, discussed the financial leasing business with Tang Xiaodong, secretary of the board of directors of the Lifan Group; , The founder and CEO of the invested company Econtech Yu Shuhuai and his team, the co-director of Yuanyi Investment Cha Hao, etc., and the vice chairman and chief scientist Dr. Chen Wei of Lifan Group, etc. on the main products and technologies of Econtech Introduced, the two sides actively discussed the matching cooperation of electronic control products in the future.

     

    Vice President Shang Bing took a group photo with Yin Mingshan, Chairman of Lifan Group

     

    In the afternoon, Shang Bing and his party came to Xiaokang Group to meet with Meng Gang, assistant to the president of Xiaokang Group and secretary to the board of directors. Chongqing Xiaokang Industrial Group integrates the manufacture and sales of complete vehicles, automobile engines, and auto parts. It is one of the few private enterprises in Chongqing with an output value of more than 10 billion yuan.

    Meng Gang said that the asset scale and industry depth accumulated by Far East Horizon in the past few years are obvious to the financial leasing industry. Xiaokang Group deeply agrees with Far East's "finance + industry" development strategy and hopes that both parties can enhance understanding and deepen cooperation.

    Immediately afterwards, the team of Yikang Tyco had an in-depth exchange with Huang Mingsheng, head of the Electrical Technology Department of Xiaokang Group, on the field of automotive electronic control system technology. Xiaokang gave a high evaluation of Yikang Tyco’s product technical strength and mass production supporting experience, and agreed The next step is to visit the factory and other specific cooperation matters.

    Finally, Meng Hui, the general manager of Tongjin Financial Leasing Co., Ltd., a subsidiary of Xiaokang Group, specifically introduced Xiaokang's layout in the direction of automobile consumer finance. The innovation and forward-looking nature of its business brought a lot of inspiration to the landing of Far East Tooling's leasing assets. Both parties The meeting ended successfully in a warm atmosphere.

    This visit by Shang Bing and his entourage to Chongqing was a beneficial attempt by Far East Horizon to "base on leasing and get out of leasing" and was also a typical form of synergy between debt business and equity investment. In the future, with the in-depth layout of the Far East's "finance + industry" strategy, this type of hybrid collaboration is expected to become more common, and it will also help the Far East to provide more professional and precise integrated financial industry services to all sectors of society.

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