Fincera Announces 14,448-Share Purchase by Founding Shareholder
(firmenpresse) - SHIJIAZHUANG, CHINA -- (Marketwired) -- 09/10/15 -- Fincera Inc. ("Fincera" or the "Company") (OTCQB: AUTCF), a leading provider of web-based financing and ecommerce services for China''s transportation and automobile industries, today announced that Honest Best International Ltd. ("Honest Best"), an entity owned by Mr. Yong Hui Li, Fincera''s founder, Chairman and Chief Executive Officer, recently acquired 14,448 of Fincera''s ordinary shares on the open market for approximately $350,000.
Because it is a foreign private issuer, Fincera''s officers and directors are not required to file insider trading reports with the Securities and Exchange Commission. However, in accordance with its commitment to maintaining a policy of transparency with its shareholders, Fincera''s own policy is that any trading of the Company''s securities totaling $250,000 or more conducted by officers or directors during any consecutive five trading days must be disclosed by the Company within 48 hours via a press release.
Founded in 2005, Fincera Inc. (OTCQB: AUTCF) provides innovative web-based financing and ecommerce services for China''s transportation and automobile industries. The Company also operates over 550 finance and service centers in 26 provinces, municipalities, and autonomous regions across China. Fincera''s current service offerings include a B2B payment network and a web-based small business lending platform. In addition, Fincera also provides sales-type leasing programs and support services for heavy trucks. The Company''s website is . Fincera trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. OTCQB companies are current in their reporting and undergo an annual verification and management certification process.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company''s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:
Changing principles of generally accepted accounting principles;
Continued compliance with government regulations;
Legislation or regulatory environments, requirements or changes adversely affecting the transportation or financial services industry in China;
Fluctuations in consumer demand in the transportation industry;
Management of rapid growth;
General economic conditions;
Changes in government policy;
China''s overall economic conditions and local market economic conditions;
The Company''s ability to expand through strategic acquisitions;
The Company''s business strategy and plans, including whether its new financial services products are accepted by consumers;
The results of future financing efforts; and
Geopolitical events.
The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.
Jason Wang
Chief Financial Officer
(858) 997-0680
The Equity Group Inc.
Carolyne Y. Sohn
Senior Associate
(415) 568-2255
Adam Prior
Senior Vice President
(212) 836-9606
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Datum: 10.09.2015 - 06:30 Uhr
Sprache: Deutsch
News-ID 1384550
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