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Zheng He Capital to commence trading tomorrow

Zheng He Capital to commence trading tomorrow

Zheng He Capital (ASX:ZHE) will commence public trading in Australia tomorrow, after being admitted to the official list today.

Zheng He, which operates in China's Fujian province, will serve as a credit guarantee company for the nation's rapidly-expanding retail and SMB market.

It generated 482,683 yuan ($75,700) in profit from 1.3 million yuan in revenue for the quarter ending in March, and 344,600 in profit for calendar 2009.

Zheng He will list with 21.6 million shares at $0.20 per share.

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Tags smbZheng He CapitalcreditASX:ZHEChina

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