MONTREAL, QUEBEC – (NEWSFILE – June 27, 2018) – Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today announced that after its first 30 days of operations, its financial services subsidiary, Asia Synergy Financial Capital (“ASFC”), had extended a total of 1,694 loans to Chinese small and medium-sized business owners accounting for a combined 99.7M RMB (approximately $20.2M CAD).
“We’ve been very aggressive in our lending activities from the outset in order to quickly and firmly establish ASFC in the minds of Chinese entrepreneurs as a financial services company that understands their needs and will be there to help them reach their objectives,” commented Liang Qiu, Chief Executive Officer of Peak’s group of companies in China. “However, being aggressive doesn’t mean we’re not also being cautious. As we continue to build a reputation with the underserved SME commercial lending segment, our plan is to show other financial institutions that technology, more specifically our Cubeler platform, can be used to make the commercial lending industry more efficient without increasing the risk of loan defaults. We’re very satisfied with how ASFC’s first 30 days of operations are helping us achieve those objectives so far,” concluded Mr. Qiu.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of promising companies and assets in some of the fastest-growing tech sectors in China, including fintech, e-commerce and cloud-computing. Peak provides a bridge for North American investors who wish to participate in the continued digitization of China’s industrial sectors through the latest advancements in technology. For more information: http://www.peakpositioning.com
CHF Capital Markets
Phone: 416-868-1079 ext.: 231
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Forward-Looking Statements / Information:
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