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Recently, Xiamen Golden Dragon Bus Co., Ltd. (hereafter refers to Golden Dragon) signed a two-billion strategic cooperative agreement with Far East Horizon Limited (hereafter refers to Far East Horizon). Yang Yongjun, General Manager of Public Utilities Department of Far East Horizon, Lai Zhiyi, Domestic Sales Director and General Manager of Sales Company of Golden Dragon attended the signing ceremony.
According to the agreement, Far East Horizon will inject a total amount of two billion RMB to Golden Dragon for vehicle financing and leasing. Thanks to the varied financial products rolled out by some financial institutions, Golden Dragon has been able to provide financing services for its customers. As early as 2003, Golden Dragon joined hands with China Citic Bank, which gave customers more loan resources. In 2004, Golden Dragon joined “auto financing network” of China Everbright Bank, providing auto mortgage services. In 2012, Golden Dragon started cooperation with Bank of Communications and greatly helped its authorized dealers solve their problems. All these financing products have made significant contributions to the overall sales of Golden Dragon. The strategic cooperation with Far East Horizon will provide another effective financing channel for Golden Dragon’s customers across the globe.
Lai Zhiyi, Domestic Sales Director and General Manager of Sales Company of Golden Dragon points out that the bus maker always puts the needs of its customers on its top agenda. By pooling resources from various parties, it aims at rolling out more high quality bus products and providing more convenient services to its customers. The deal signed with Far East Horizon recently is believed to provide one-stop bus purchase solutions for bus operators. The two parties also agree to jointly push forward the construction of green public transport in China and put their focus on the new energy bus market, helping bus operators buy more environmentally friendly buses and build related facilities.
Listed on the main board of Stock Exchange of Hong Kong on Mar. 30, 2011, Far East Horizon is one of China’s leading financial service providers. With Sinochem Group, Kohlberg Kravis Roberts& Co. (KKR), Cathay Life Insurance, GICSI as its major shareholders, the company boasts reliable sources of capital and diversified ownership structure, which have laid a very solid foundation for its continued robust growth and rendered it extremely experienced in corporate management. International Far Eastern Leasing Co., Ltd., as a core enterprise under the management of Far East Horizon, adhering to the business philosophy of “Finance Plus Industry”, has long been committed to providing customer-tailored innovative products and services. With a total asset of 100 billion RMB at present, the company has accumulated a huge pool of over 10,000 customers. Currently, the company, boasting the biggest net assets and the highest level of corporate management, is also one of China’s most profitable enterprises. Far East Horizon Urban Public Utilities Department has long been involved in pushing forward the development of China’s urban public transport. Through all these years, it has provided substantial assistance to over 100 bus operators in fifteen provinces, autonomous regions and municipalities across China, helping them purchase buses, build bus stations, purchase bus routes and do related merge & acquisition (M&A) business. In total, it has made an investment of over five billion RMB.