Guoan International Limited (the “Company”) (Hong Kong Stock Exchange stock code: 143 and Singapore Exchange stock code: G11), together with its subsidiaries (collectively the “Group”), is principally engaged in the trading of telecommunications and other products, provision of repair services for telecommunication products, investment in financial assets and money lending business.
中信国安集团有限公司 (CITIC Guoan Group*) is one of the substantial shareholders of the Company. CITIC Guoan Group is a large and wide-ranging enterprise group in the People’s Republic of China (the “PRC”). Headquartered in Beijing, CITIC Guoan Group*’s scope of business comprises, inter alia, finance, telecommunications, tourism, resources development, mining, chemical plant operation, wine production, real estate, culture, entertainment, hotel operations, media and healthcare.
The Company intends to leverage on the Hong Kong and Singapore presence to expand current businesses horizontally and vertically as well as venturing into new industries and identify new investment opportunities to improve its business prospects for long term commercial interest of the Company and its shareholders. Financial plans will periodically be revisited to strengthen the Company’s financial position whilst taking into consideration the capital market conditions in formulating strategies.
*For identification purpose only