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A state-owned enterprise in Anhui plans to go public in Hong Kong

2024-08-26

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August 19,Anhui Wanxin Financial Leasing Co., Ltd. (hereinafter referred to as Wanxin Leasing) is inviting bids for the Hong Kong H-share IPO intermediary service project.The intermediary team involved in this bidding includes the sponsor and overall coordinator, accounting firm, issuer's overseas law firm, and issuer's domestic law firm.

Wanxin Leasing, established in 2014, is a domestic-funded financial leasing company approved by the Ministry of Commerce and the State Administration of Taxation, with financial leasing as its main business. Tianyancha information shows that the legal representative of Wanxin Leasing is Guo Hongbin, with a registered capital of RMB 533.2944 million.Its controlling shareholder is Anhui Xinhua Distribution (Group) Holding Co., Ltd. under the Anhui Provincial Government (holding 93.7568% of the shares)Other shareholders include Chengdu Media Group Modern Culture Communication Co., Ltd. (holding 5.2026%) and Anhui Cultural Property Exchange Co., Ltd. (holding 1.0405%).

It is reported that the company provides financing leasing services for various advanced or applicable production equipment, communication equipment, medical equipment, printing equipment, educational and scientific research equipment, inspection and testing equipment, machinery, electrical appliances, instruments, meters and other single machines and complete sets of technical equipment at home and abroad.