Fincera Announces 30,000-Share Purchase by Founding Shareholder
(firmenpresse) - SHIJIAZHUANG, CHINA -- (Marketwired) -- 07/12/16 -- Fincera Inc. ("Fincera" or the "Company") (OTCQB: AUTCF) (fka. AutoChina International), a leading provider of web-based financing and ecommerce services for small and medium-sized businesses and individuals in China, today announced that Mr. Yong Hui Li, Fincera''s founder, Chairman and Chief Executive Officer, recently acquired 30,000 of Fincera''s ordinary shares in a privately negotiated transaction for approximately $780,000.
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) (fka. AutoChina International) provides innovative web-based financing and ecommerce services for small and medium-sized businesses and individuals in China. The Company also operates a network of branch offices in 31 provinces, municipalities, and autonomous regions across China. Fincera''s primary service offerings include a credit advance/online payment processing network and a web-based small business lending platform. 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 financial services industry in China;
Fluctuations in consumer demand;
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: 12.07.2016 - 14:05 Uhr
Sprache: Deutsch
News-ID 1446558
Anzahl Zeichen: 7947
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