Zuoli Kechuang Unit Renames, Exits Microfinance to Focus on Trading

MT Newswires Live
2025/09/15

Zuoli Kechuang Micro-finance Company (HKG:6866) said its 66%-owned unit, Hangzhou High-tech Zone (Binjiang) Xingyao Pu Hui Micro-finance, has changed its name and business scope, according to a Sept. 12 Hong Kong bourse filing.

Shares of the firm were down nearly 2% in Monday morning trade.

The subsidiary has been renamed Hangzhou Qiyue Trading and will now focus on trade brokerage. It previously operated microloan and consultancy services.

Zuoli said the change reflects a shareholder consensus to exit the microfinance market and gradually recover outstanding loans.

The move is aimed at reducing operating costs, the filing said.

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