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Home > Firm News> 2017 > Gaopeng& Partners Hangzhou Office Assists the Establishment of PingxiangYinjiangJinkeInternetMicrocreditCo., Ltd.

Gaopeng& Partners Hangzhou Office Assists the Establishment of PingxiangYinjiangJinkeInternetMicrocreditCo., Ltd.

2017-7-7 11:52:16

    Recently PingxiangYinjiangJinkeInternet Microcredit Co., Ltd. jointly initiated and established by Enjoyor Technology Group Limited and Zhejiang Jinke Entertainment Culture Co., Ltd.(300459), has been approved by the Finance Office of Jiangxi Province and will be established in Luxi County, Pingxiang City, Jiangxi Province. Witharegistered capital of RMB500 million, the company,through Internet platform, can undertake online petty loan business facing the whole country and off-line petty loan business within the Pingxiang City, and conduct information consulting business and financial consultant business nationwide. It is a new-type “Internet Plus” financial enterprise and will be able toissue Internet petty loan of RMB2.5 billion annually after completion.

    According to the stipulations on relevantdocuments of Jiangxi Province, the application for the establishment of Internet petty loan company shall meet the general conditions for setting up petty loan companies, and the application material shall include the legal opinion issued by legal intermediaryon the associated conditions of the contributors for the petty loan company.Also, all shareholders shall not have associated relationships. The lawyers with our office, based on the existing valid lawsand regulations, and according to the business standards commonly recognized in the practice of lawyer, code of ethics and the spirit of due diligence, have been entrusted to issue the legal opinion on the associated conditions of the contributors of the Internet MicrocreditCompany, helpingthe establishment of YinjiangJinke Internet Microcredit Co., Ltd.

    Lawyers Qian Yuxin, Mao Zhiying and Chen Jianchun with our office provided the legal services for this project.

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