HONG KONG, Aug. 20, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that
it has completed the previously announced Capital Increase
Agreement (the "Agreement") transaction with Minshang Creative
Technology Holdings Limited ("MCT", 01632.HK). CLPS, through its
wholly-owned subsidiary, Growth Ring Ltd., and MCT now hold
53.33% and 46.67% in MSCT Investment Holdings Limited ("MSCT"),
respectively. Through the Agreement, both parties have agreed to
develop a next-generation loan trading software, a software as a
service (SaaS) solution, and to explore financial technology
services market in a global scale.
Upon closing of the transaction, MSCT has started to innovate
and streamline the commercial version of its next-generation credit
loan trading software, powered with a complete configurable
workflow and a high degree of automation. As a result, the software
can provide a user with an entire loan lifecycle support for
personal installment loan, purchase of consumer credit, mortgage,
and hire purchase, among other transactions. The upgraded software
is expected to be completed by December
2021. It will be initially launched and marketed in Hong
Kong SAR and Southeast Asia by
early next year before offering it in Japan and the U.S. markets.
MCT is a company listed on the Hong Kong Stock Exchange with its
headquarters located in Hong Kong.
Minsheng E-Commerce Holdings (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, "The Company's investment in MSCT fully
opens up strategic cooperation with MCT. Our extensive experience
as an IT services provider with a focus on international banks and
other financial institutions serves as a foothold in developing
financial software products and solutions. Together with MCT, we
are excited to jointly explore business opportunities in the global
financial technology services market."
Mr. Wu Jiangtao, Chairman and Chief Executive Officer of MCT,
said, "We strongly believe that our cooperation with CLPS will
yield a broad potential in the global market. CLPS's highly
regarded brand impact combined with our competitive advantage in
digital transformation will mutually benefit our business and IT
solution capabilities. We are optimistic to achieve greater success
in this cooperation going forward."
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 18 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 seven global centers are
located in Hong Kong SAR, USA,
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