New Fortune Finance Limited has made a mandatory unconditional cash offer of HKD 142 million to acquire all issued shares of Jin Lun Holdings Limited, aiming to strengthen its position in the automotive finance market.

Target Information

The deal involves a mandatory unconditional cash offer by New Fortune Finance Limited to acquire all issued shares of Jin Lun Holdings Limited, excluding those already owned or agreed to be acquired by the offeror and Mr. Guo. The total consideration for this acquisition amounts to HKD 142 million.

Additionally, in December 2022, independent financial advisor CICC acted on behalf of SAIC Motor Corporation Limited for a cash offer to acquire all H-shares and domestic shares of Shanghai Dongzheng Automotive Financial Company, with total valuations of HKD 671 million and RMB 84.6 million, respectively.

Industry Overview

The automotive finance sector in Hong Kong has rapidly evolved, driven by increasing vehicle ownership and advancements in financial technology. The market showcases a diverse range of financing op

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新百利融資有限公司

invested in

金侖控股有限公司

in 2022

in a Public-to-Private (P2P) deal

Disclosed details

Transaction Size: $4,600M

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