Mixed-ownership reform project of Lushang Group

(chinadaily.com.cn)| Updated : 2020-06-29

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Jinan Fuyuan Micro-credit Company, a professional loan firm, was established by Lushang Group, a State-owned enterprise with more than 100 billion yuan ($14.15 billion) in assets.

The company is mainly engaged in small loans, equity investment, entrusted loans, and the disposal and acquisition of non-performing assets.

In 2019, the company's business revenue reached 69.38 million yuan, its net profits hit 40.82 million yuan, and its total assets amounted to 650 million yuan.

Fuyuan Micro-credit Company will focus on credit products based on the industries Lushang Group is involved in.

Cooperation goals: Introduce investors and enhance the company's comprehensive strength, optimize the property rights structure, enhance management quality, and strengthen competitiveness.

Approaches to cooperation: Attract investors by increasing capital and shares.

Contact: Zhuo Yun

Tel: 15066696275