[ET Net News Agency, 5 November 2018] CMBC Capital Holding Limited (01141) said it has
entered into a non-legally binding memorandum for business cooperation with Tenpay Payment
Technology and the Credit Card Centre of China Minsheng Banking (01988).
The three parties intend to initiate business cooperation in areas including fixed
income products, technology and big data, assets securitization and online-offline
services for high-net-worth clients. Each of the parties will actively develop their own
strengths in resources and utilize the areas where their business operations overlap, so
as to enhance the pace of development for resource integration, with a view to achieving
mutually beneficial and win-win results for all the parties. (KL)