Differ Group (6878.HK) Accredited as “Asia’s 200 Best Under A Billion” by Forbes
The Forbes Asia’s Best Under A Billion Forum and Awards Ceremony was held at Palace Hotel in Tokyo on 19 November, 2018. Mr. Ronie Cheng, Director Corporate Finance of Differ Group (“Group”, Stock Code: 6878) represented the Group and received the award presented by Mr. Christopher Forbes, Vice Chairman of Forbes.
Forbes Asia's Best Under A Billion list highlights 200 leading public companies in the Asia Pacific region with annual revenue under $1 billion. From a universe of 18,000 companies, qualified candidates are screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity. The result is a final list featuring 200 exceptional small and midsized companies from Asia Pacific. Differ Group has been included in the list for its remarkable results and strategic layout.
Due to its rapid and steady growth, the Group transferred its listing to the Main Board of HKEX in 2015 and was ranked 11th in the list of “China’s Top 100 Most Promising Listed Companies” compiled by Forbes. As a leading provider of short to medium-term financing and financing-related solutions and asset management services in the PRC, Differ Group has successfully found a formula for long term sustainable growth and profitability - a business model driven by a combination of finance leasing and asset management. In 2018, the Group was granted licenses form the SFC to carry out Type 1 (Dealing in Securities) and Type 9 (Asset Management) regulated activities, marking the further expansion of the Group’s diversified financial services in international market. Furthermore, the Group grasped the opportunities arising from the continuous growth of the Marco-economy in China and the favorable government policies, and actively adjusted its business strategy by expanding its assets management business from distressed asset to including value assets, as a result, asset management business has achieved significant increase and become the key growth driver. Looking forward, riding the wave of opportunities brought about by the development of financial technology globally and internally, as well as the increase in momentum of the asset management industry, Differ Group will further explore new opportunities to broaden its income stream, expand its market share and reinforce the leading position so as to create value to customers and shareholders.