RE:News PEAK SUBSIDIARY ASSC WELCOMES NEW CLIENTS AND FACILITATES FIRST CREDIT TRANSACTIONS
Peak Positioning Technologies Inc.'s Asia Synergy Supply Chain (ASSC) subsidiary recently began providing credit analysis reports on Jiangyin Longding Decoration Materials Company Ltd. and Jiangyin Golden Bridge Chemical Company Ltd. and their clients and suppliers to help qualify them for loans and credit from ASSC's lending partners.
LDM and GBC are important participants in Jiangyin's reputable supply-chain industry, combining to provide metal, rubber, plastic, and other chemical based materials to thousands of supply-chain clients domestically and internationally. Shortly after the introduction of LDM and GBC to the ASSC supply-chain ecosystem, Jiangyin Xinjian Micro Credit Ltd. ("Xinjian Micro Credit") provided the first short-term loans to a handful of LDM and GBC clients, based on the results of credit analysis reports provided by ASSC on the clients.
"These first credit transactions facilitated by ASSC mark an important step toward the validation of the company's business model," commented Haiqing Li, CEO of ASSC. "There is a significant opportunity to cater to the unique financing needs of supply-chain participants throughout China. We launched ASSC earlier this year to use proprietary technology and a comprehensive service offering to bring together pivotal supply-chain players, banks and other lenders to meet those needs. These first loans by Xinjian Micro Credit provide evidence that the concept is beginning to gain traction with lenders," concluded Mr. Li.