On May 5, 2016, CM International Financial Leasing Co., Ltd. (CMIG Leasing) officially completed its capital increase plan, which raised its capital from 3 to 4.5 billion RMB. The newly added 1.5 billion RMB has already been paid, registration at the local administration for industry and commerce has been renewed, and a new business license was issued on the same day. The successful completion of the capital increase plan provides powerful financial support for CMIG Leasing’s revolutionary development.
Established in April 2015, CMIG Leasing is a Sino-foreign leasing joint venture between China Minsheng Investment Co., Ltd. and Hana Bank of South Korea with a planned registered capital of 6 billion RMB. In 2015, among all newly established leasing companies, CMIG Leasing ranked first in profit and second in business scale. There has been no change in CMIG Leasing’s ratio of investments and shareholder structure after the capital increase, and the scale of its capital drove CMIG Leasing to the top of all foreign-invested leasing companies.
Since its founding, CMIG Leasing has always supported the national strategy and local policies, relying on its strong relationships with Sino-foreign shareholders and developing its core businesses in aviation, shipping, new energy, information equipment, and healthcare. CMIG Leasing has made great strides to develop helicopter and cold chain logistics and is devoted to creating a leading domestic and internationally-renowned leasing company with prominent core businesses and strong profits.
The successful completion of the capital increase plan reflects the confidence and approval of shareholders in CMIG Leasing’s promising model as a platform that integrates industry. The plan has provided strong financial support for the development of CMIG Leasing and has a positive impact on strengthening market competitiveness, deepening leasing business specialization, and making breakthroughs in promoting its dual roles of leasing and investment.
With an open mind, high performance, leading concepts, and a diverse shareholding structure, CMIG Leasing will continue to attract more investors that will synergize with company strategy, branding, and business. CMIG Leasing will pave a unique development path helping to develop the financial leasing industry in China.