HONG KONG, May 24, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced a
strategic cooperation with Minshang Creative Technology
Holdings Limited ("MCT", 01632.HK) to jointly develop a next
generation loan trading software and to explore global financial
technology services market.
On May 18 2021, CLPS, through its
wholly owned subsidiary, Growth Ring Ltd., entered into a
Capital Increase Agreement (the "Agreement") with MCT. Pursuant to
the Agreement, CLPS will hold 53.33% ownership stake in MSCT
Investment Holdings Limited ("MSCT"), a wholly-owned
subsidiary of MCT, upon closing of the transaction, while MSCT
will in turn own the intellectual property rights of the loan
trading software of MCT.
CLPS will leverage its competitive advantage and extensive
experience as an IT services provider to international banks and
other financial institutions to upgrade and improve the
existing loan trading software to cope with the need of
foreign market. Following the successful upgrade, which includes
improved system and internationally accepted features, CLPS intends
to launch the next generation loan trading software in Hong Kong and Southeast Asia region.
MCT is a company listed on the Hong Kong Stock Exchange with its
headquarters located in Hong Kong.
Minsheng E-Commerce Holding (Shenzhen) Co., Ltd., an e-commerce
company established in Mainland China, is a controlling
shareholder of MCT.
Mr. Raymond Lin, Chief Executive
Officer of CLPS, said, "We have been focused on our mergers and
acquisitions initiative not only in China, but also overseas as part of our global
expansion strategy. Our cooperation with MCT, which involves
the subscription of majority equity stake of MSCT and the plan
to optimize its loan trading software, complements our capability
in developing high quality products and solutions. It will also
improve our edge and accelerate the pace of our technological
innovation overseas. I believe that the partnership will be an
important milestone in our business expansion to further enhance
our brand awareness in Hong Kong,
Southeast Asia, and in other
geographic markets. Through M&A, we are committed to pursuing
the research and development of financial products to achieve
continued growth that will bring greater value to our
shareholders."
About CLPS Incorporation
Headquartered in Hong Kong, CLPS Incorporation (the
"Company") (Nasdaq: CLPS) is a global leading information
technology ("IT") consulting and solutions service provider
focusing on the banking, insurance, and financial service sectors.
The Company serves as an IT solutions provider to a growing network
of clients in the global financial service industry, including
large financial institutions in the
US, Europe, Australia, Southeast Asia and Hong
Kong SAR, and their PRC-based IT centers. The Company maintains 19
delivery and/or research & development centers to serve
different customers in various geographic locations.
Mainland China centers are located
in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Xi'an,
Chengdu, Guangzhou, Shenzhen, Hangzhou,
and Hainan. The remaining eight global centers are located in
Hong Kong SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: https://ir.clpsglobal.com/, or follow
CLPS on Facebook, LinkedIn,
and Twitter.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS