A win-win Cooperation to Expand their Footprint in Both China and Internationally
HONG KONG — Chinlink International Holdings Limited (“Chinlink” or “Company”, HKSE Stock Code: 0997), its subsidiaries (collectively the “Group”) and MCM Holdings Limited (“MCM”) are pleased to announce the completion of a Joint Venture (“JV”) between Chinlink and MCM that took place on 6 November 2017. After Completion, the JV became a 51%-owned subsidiary of the Company. The JV will bring together the financial services provided by Chinlink and the businesses under MCM.
Chinlink is a financial services provider holding multiple licenses both in Hong Kong and China. It provides financing guarantee, finance lease, supply chain finance and money leanding services. Over the past years, the Group established a strong foothold in Xi’an in particular.
MCM is a financial services boutique providing high-end investment and merchant banking services, and soon asset management services. It services clients and investors across Hong Kong, China and the Asia Pacific region along with major global centres including Europe and the Americas. MCM is regulated by the Hong Kong Securities and Futures Commission (“SFC”).
The JV establishes a unique opportunity for Chinlink and MCM to significantly expand their financial services offering and expertise, as they also develop their asset management platform. Furthermore, the JV will bring together the necessary professional qualifications, experience and expertise as they expand their footprint in both China and internationally.
Through Chinlink’s strong understanding of China market, and MCM’s extensive global network and the investment banking experience of its founders and key members, the JV will be well positioned as a cross-border financial player with local presence in China as well as benefiting from a fully integrated platform with access to international capital markets.
Mr. Siu Wai Yip, Executive Director of Chinlink, said, “Given with our establishment in Xi’an, the increasing importance of The Belt and Road Initiative provides ample opportunities for Chinlink. The JV with MCM enables the Group to grasp such opportunities. We are confident that the JV will increase the competitiveness of Chinlink in long run by offering an extensive range of financial services.”
Mr. Rachid Bouzouba, MCM Co-Founder, said, “Through its extensive network in Asia as well as in Europe and the Americas, this Joint Venture with a reputable Chinese group will consolidate MCM’s position as a leading financial services boutique specializing in bringing global investment opportunities to Asia, and Asia to the world. As part of this strategy MCM recently opened an office in London to expand its presence in Europe.”
Mr. Adrian Valenzuela, MCM Co-Founder, said, “Chinlink represents the best attributes we would look for in a partnership. They exemplify a story of successful entrepreneurship and vision, building a fantastic business in China. Together with the financial expertise and global network of MCM, we will create a financial services platform that will be positioned to capitalize on the next stage of development and growth in the region, particularly as China’s role in global financial markets is sure to expand significantly.”