CASH plans to enter Greater China market through mergers and acquisitions

Mr Bankee Kwan, chairman and CEO of Celestial Asia Securities Holdings(1049) announced the company plans to expand its market presence in the Greater China market as a cross sector services conglomerate through mergers and acquisitions.The company currently has HK$800 mln to 1000 mln total capital and a total of cash in hand and banking loans reaches HK$600 mln.Mr Bankee Kwan indicated the online clients last year amounted to circa 18,000, which brought the revenue accounting for 10% of the total, and the number of offline clients was 30,000.

Related stock : (1049)