Yuyue Medical, Ant Group and CATL to set up consumer finance company

Yuyue Medical announced that it plans to jointly invest RMB 8 billion with Ant Technology Group and others to establish Chongqing Ant Consumer Finance in Chongqing.
Other investors include Beijing SureKAM Corporation, Cathay United Bank (China) Co., Ltd., and Contemporary Amperex Technology Co. Limited (CATL) , Nanyang Commercial Bank Co., Ltd. and China Huarong Asset Management Co., Ltd.

Yuyue Medical announced that it plans to invest RMB 8 billion with Ant Group and others to establish Chongqing Ant Consumer Finance in Chongqing.

Other investors include Beijing SureKAM Corporation, Cathay United Bank (China) Co., Ltd., and Contemporary Amperex Technology Co. Limited (CATL) , Nanyang Commercial Bank Co., Ltd. and China Huarong Asset Management Co., Ltd.

Among them, Yuyue Medical, as a general investor, intends to invest 399.2 million yuan with its own funds, accounting for 4.99% of the registered capital of the consumer gold company.

After the establishment of the consumer finance company, it will carry out consumer finance-related businesses.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/21/yuyue-medical-ant-group-and-catl-to-set-up-consumer-finance-company/.

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