NEW YORK, Feb. 1, 2016 /PRNewswire/ -- Wins Finance Holdings Inc. (Nasdaq: WINS) ("Wins Finance" or the "Company"), today announced that its wholly-owned subsidiary, Jinshang International Financial Lease Co., Ltd, entered into a purchase-and-lease-back agreement valued at RMB70 million (U.S. $10.64 million) with Panjin Central Hospital, a leading Third-Level Grade-A hospital in Liaoning Province, China. The assets covered by this agreement are medical equipment, including equipment for heart and cerebral vessels and ophthalmology. It is the first purchase-and-lease back agreement for Wins Finance in the healthcare sector.
"We see a significant opportunity to expand our lease back business in the healthcare sector and help local hospitals in China secure the equipment they need to provide quality care to those who need it most," said Renhui Mu, Co-Chief Executive Officer and Chief Operating Officer of Wins Finance. "The central government is encouraging the development of local medical care and we believe we can play an important role to connect capital investors to the market and attract more banks and low cost funding into the sector."
Mr. Mu added, "Expanding our healthcare leasing business should provide us positive returns with a relatively low risk profile, and further diversify our business over time."
About Wins Finance
Wins Finance is a financial holding company that provides integrated financing solutions to small and medium enterprises (SMEs) in China. Wins Finance's goal is to assist Chinese SMEs, including microenterprises, which have limited access to financing, to improve their overall fund-raising capability and enable them to obtain funding for business development. Since its establishment in 2006, Wins Finance has helped various SMEs obtain funding by providing them financial guarantees and financial leasing, as well as advisory services. Wins Finance is building upon its core financial services business in China to create a comprehensive asset management platform, offering its clients access to high quality proprietary assets in both China and the United States. For more information, please visit www.winsfinance.com.
This news release includes forward-looking statements. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform to the Company's expectations and predictions is subject to a number of risks and uncertainties, including the risk that the Company's efforts to expand into the medical industry leasing sector will not be successful, and the risks described in Wins Finance's Quarterly Report on Form 10-Q filed on November 16, 2015 and in its other filings with the Securities and Exchange Commission.
Richard Xu, President
Wins Finance Holdings Inc.
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SOURCE Wins Finance Holdings Inc.