Friday, March 29, 2024
 
Columnist
Martin Hennecke
 
CH FIN LEASING
HKEx Stock Code : 02312 
 
Corporate Profile
Principally engaged in short to medium term capital appreciation by investing in a diversified portfolio of investments in listed securities in Hong Kong and overseas on a general perspective as well as loan financing business in the People's Republic of China (the "PRC").

Business Review - For the year ended December 31, 2012

During the year ended 2012, the Company was mainly engaged in investments in Hong Kong listed securities for the purpose of short to medium term capital appreciation.

Facing the financial risks over the world, the global financial markets performed disappointedly over half of the time in 2012, compromising the value of the Company's portfolio. Furthermore, the increase in professional and legal expenses due to the fund-raising transactions and administrative expenses widened the loss for the year. As such, the Group has introduced measures to place tighter control on costing and increase operating efficiency.

The Group has invested RMB2,760,000 (approximately HK$3,341,000) for 12% equity interest in a private company in Beijing, the People's Republic of China (ˇ§PRCˇ¨) which engaged in wholesale of high technology electronic products in 2011. The investment is recorded at cost and remained unchanged during the year ended 2012.

Business Outlook - For the year ended December 31, 2012

Looking forward, the European debt crisis has not yet been resolved while the economic recovery in the United States is still fragile, the global stock markets are expected to be adversely affected should there be any unfavourable news. The Company is optimistic on the growth in China and believe that Hong Kong would also be benefited. Therefore, it is expected that the Company will continue to invest in Hong Kong stock market in a prudent manner and to explore investment opportunities in China.

Source: China Fin Leasing (02312) Annual Results Announcement
Chairman Choy Kwok Hung, Patrick Issued Capital (shares) 443M
Par Value HKD 0.02 Market Capitalisation (HKD) 58M
 
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