BEIJING, Jan. 19, 2021 /PRNewswire/ -- Puhui Wealth
Investment Management Co., Ltd. (Nasdaq: PHCF) ("Puhui" or the
"Company"), a third-party wealth management service provider with a
focus on wealth management services for high net worth ("HNW")
individuals and corporate clients as well as asset management,
today announced that two of the Company's portfolio investments
successfully completed Initial Public Offerings (IPOs) on the Hong
Kong Exchanges and Clearing Market ("HKEX"), including one in
November 2019 and the other in
October 2020.
The Company has seen considerable growth in the medical and health sectors over the past few
years, especially after the impact
of the global pandemic on the Chinese economy, leading to an
increased emphasis on medical services that can be administered
both in-person and remotely. Puhui has been able to invest in the
early stages of development for many of these healthcare companies
since 2018.
Since its founding, Puhui has invested in 16 medical projects on
behalf of its clients, with two IPOs. The range of specific sectors
within the healthcare industry include: biotech (original drugs,
cellular immunotherapy, human/animal vaccines and biosimilars),
medical equipment, and medical services.
Mr. Zhe Ji, the Chairman and CEO
of the Company, stated, "Our goal as a diversified wealth and asset
manager is to generate favorable returns for our clientele through
Puhui's ability to find early-stage investments in a variety of
sectors. We have been very pleased to see our healthcare
investments culminated in successful IPOs in the last two years.
Looking ahead, we expect to deploy additional capital into this
sector due to high demand for plague prevention products following
the COVID-19 pandemic. In addition, there is a large number of
aging populations worldwide that have a high medical service
demand. And finally, companies are increasingly monetizing their
operations through successful public offerings on China's stock exchange, the Hong Kong Stock
Exchange, and European and U.S. capital markets. This could provide
a clear and defined development strategy for Puhui and its
investors."
About Puhui Wealth Investment Management Co., Ltd.
Headquartered in Beijing, China
and founded in 2013, Puhui is a third-party wealth management
service provider focusing on marketing financial products
(including private equity and other diversified products and
services) to, and managing funds for, individuals and corporate
clients in the PRC. On December 27,
2018, the Company's ordinary shares were listed and began
trading on the Nasdaq Capital Market (ticker: PHCF).
Additional information about Puhui can be found at the Company's
corporate website: www.puhuiwealth.com.
Forward Looking Statement
This news release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that indicate future
events or trends or are not statements of historical matters. These
statements are based on our management's current expectations and
beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of our control and all of which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. Factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in our reports filed
with the Securities and Exchange Commission, which are
available, free of charge, on the SEC's website
at www.sec.gov.
Investor Relations:
The Equity Group
Inc. In
China
Adam Prior, Senior Vice
President
Lucy Ma, Associate
(212)
836-9606 +86
10 5661 7012
aprior@equityny.com lma@equityny.com
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SOURCE Puhui Wealth Investment Management Co., Ltd.