Hangcha Group Extends the Operation Chain and Engages in the Financial Lease Industry
Recently, Hangcha Group Co., Ltd. (A-share code: 603298, hereinafter referred to as “Hangcha Group”), a specialized forklift manufacturing group and an intelligent industrial vehicle and intelligent logistics overall solution provider in China, was invited to act as a strategic shareholder, make investment for Shenzhen International Financial Lease Co., Ltd. (hereinafter referred to as “Shenzhen International Lease Company”) founded and established by Shenzhen International Holdings Co., Ltd. (Hong Kong Stock exchange code: 00152HK, hereinafter referred to as “Shenzhen International Group”), and the Group formally engages in the financial lease industry. The purposes are to further extend the operation chain and improve the service functions.
As a red chip company whose controlling right is owned by Shenzhen Municipal State Assets Supervision and Administration Committee and that is listed in Hong Kong Stock Exchange, the total assets of Shenzhen International Group is RMB54.4 billion and the net assets is RMB25.5 billion. The Company mainly engages in investment, construction and operation of logistics infrastructure and toll highway, and provides different logistics value-added services for the clients with the information service platform. According to the “13th five-year-plan” of Shenzhen International Group, building the modern urban logistics harbor will be taken as the core, and the modern logistics industry group will be forged by integrating the industry, financing and network. Presently, the Company has signed contracts to invest, construct and operate the modern urban logistics harbors in 17 cities in China, the construction land (covering a floor area of more than 5,000,000m2) has been reserved. In future, the modern urban logistics harbors will be invested, constructed and operated in 38 main logistics node cities. Shenzhen International Lease Company founded and established by Shenzhen International Group will focus on logistics supply chain industry and fixed assets investment for the infrastructure of the One Belt and One Road Initiative, will take financial lease and commercial factoring as the financial instruments, take integration of “industry, financing and network” as the means, support structural reform at the supply side of logistics industry, focus on the financing demands for the logistics transport industry, logistics park construction, logistics supply chain industry and the imported and exported equipments (including infrastructure construction, engineering mechanical equipments and transport tools) of the One Belt and One Road Initiative, provide professional and comprehensive financial services and forge the logistics finance ecosphere.
The other strategic shareholders of Shenzhen International Lease Company are also the industry leading enterprises in the logistics industry chain and the One Belt and One Road development strategy. Shenzhen Nanhai Jiaji Financial Holdings Co., Ltd. mainly engages in such businesses as merger, acquisition and reconstruction of the listed companies, logistics industry investment, investment bank and so on, and is a leading and professional logistics industry investment and assets management company in the industry. Shenzhen Bauing Construction Holding Group Co. Ltd. (A-share code: 002047) mainly engages in building decoration and infrastructure investment for the One Belt and One Road Initiative, is one of top-100 enterprises for building the One Belt and One Road Initiative in China and owns broad market at home and abroad. Shenzhen Uni-Top Industrial Co., Ltd. is an excellent private and key enterprise that provides such comprehensive logistics solutions covering air freight, express delivery logistics, logistics park operation, supply chain service and so on and distribution service and transportation, and it owns two freight airline companies and two express delivery logistics companies.
In future, relying on the great strength of the shareholders and the broad upstream/downstream clients resources, Shenzhen International Lease Company will take supporting the logistics supply chain clients to upgrade their productivity as its own mission, and make the enterprise to become stronger and larger with such financial instruments as financial lease, commercial factoring and so on. As a basic equipment manufacturer in the logistics industry, through consolidating the traditional market and by virtue of fund advantage, shareholder advantage and market advantage of the international platform provided by Shenzhen International Lease Company, Hangcha Group will strengthen the cooperation relationship with Shenzhen International Group and other strategic shareholders, forge the new business development mode and further enhance the brand influence and core competitiveness of Hangcha Group.