DALIAN, China, June 28 /PRNewswire-Asia-FirstCall/ -- China YiBai United Guarantee International Holding Inc. (http://www.yibaichina.com/ ) (Pink Sheets: CBGH), a company providing innovative financial services for small and medium enterprises in China, announced today its new strategic focus on companies involved with green energy resources, energy savings, emission reduction and low carbon businesses.
China YiBai CEO Alex Li said, "China is moving rapidly and aggressively to tackle our country's enormous environmental challenges. Support from both the government and the growing private sector is creating enormous opportunities for new businesses to actively participate in this national effort. As part of this, we are combining carbon trading activities and energy performance contracting into our mainstream business activities. Furthermore, we will provide up to approximately RMB 3.2 billion (US$ 468 million) in guarantees for companies operating in carbon finance, carbon trading and energy performance contracting sectors. We expect the company to emerge as a strong financial-service provider in support of energy savings and emission reductions."
About China YiBai United Guarantee International Holding Inc.
China YiBai United Guarantee International Holding Inc. (http://www.yibaichina.com/ ) and its wholly owned subsidiaries provide innovative financial services for small and medium enterprises (SMEs) including equity financing, asset management and multi-level domestic and overseas capital market listings. China YiBai is a sponsor and market maker on China's over-the-counter market, the Tianjin Equity Exchange, which specializes in financing and investment services for high-tech enterprises. More information may be found at http://www.yibaichina.com .
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This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Pink Sheets. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China YiBai United Guarantee International Holding Inc.