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Hunter Maritime to merge with Chinese fintech company

Hunter Maritime Acquisition Corporation, a dry bulk vehicle created by the Saverys family two years ago, has entered into a definitive agreement to complete a business combination with NCF Wealth Holdings, a Chinese fintech company.

The company has established a wholly-owned subsidiary that will acquire NCF by way of merger in an all-stock transaction.

The total value of the transaction is $2bn and Hunter has agreed to issue 200m new shares to the shareholders of NCF to close the merger.

NCF is a fintech company in China. Among other businesses, NCF operates an online consumer and business finance marketplace in China focused on facilitating the origination of debt financing by directly connecting individual and commercial borrowers with lenders as an alternative to traditional lending sources.

The company expects to complete the deal before April 23, 2019.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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