China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) announced that its wholly-owned subsidiary CFCG Investment Partners International (Singapore) PTE. LTD. (“CFCG Singapore”) has started operation after a simple yet grand opening ceremony held in the afternoon today.
The opening ceremony was attended by many prominent guests from the political, business and education sectors and also CFCG’s partners in Singapore, including Mr. Yeo Cheow Tong, a former minister in the government of Singapore, and Mr. Oh Choon Gan, Eric, Managing Director of a private equity investment consultancy company.
Management of CFCG and guests officiates the opening ceremony
From the left: Mr. Oh Choon Gan, Eric, Managing Director of a private equity investment consultancy company, Mr. Yeo Cheow Tong, a former minister in the government of Singapore, Dr. Wilson Sea, Chairman and Executive Director of CFCG, Mr. Laurence Wong, CEO of CFCG Investment Partners International (Singapore), Mr. Zhao Zhijun, Chief Executive Officer and Executive Director, Ms. Lucy Sun, Deputy CEO of CFCG
At the business kick-off ceremony, Dr. Wilson Sea, Chairman and Executive Director of CFCG, said, “2016 marks is a critical year for CFCG going through business transformation. We made significant progress in developing our education and financial services businesses in the first half of the year. In June 2016, the Group was included in the MSCI China Small Cap Index, proving that our business transformation strategy is highly recognised by the international capital market. We are very proud of this, but are going to be complacent. In the environment which the Chinese and global economies going through cyclical slow down, the scattered privately-operated education business is fast-growing, seeing a huge demand with promising returns is taking center stage in the investment market. Therefore, the management believes that it is the best time for the Group to be the first-mover advantages in the education industry. We plan to actively seek to invest in quality education projects in Mainland China and overseas markets in the second half of the year with the coordination of consummate and diversified financial service business unit. At the end of last month, the Group’s wholly-owned subsidiary, China First Fund Management Limited moved Shenzhen headquarters into a new close to 20,000 sq.ft. premise. Shanghai headquarters also moved to the Oriental Financial Center. The two new headquarters are testimony to the fast expansion of the Group’s presence in Mainland China. And, the opening of China First Capital Group’s Singapore branch today represented an important step in the international expansion of the Group. Going forward, we will continue to set up branches in other major education countries, including the UK and Australia, that the Group may effectively capture opportunities in China and global markets to rapidly grow its business and match in strides towards the goal of becoming the world’s largest operation and investment and financing platform in education industry.