忍者ブログ

ニュースリリースのリリースコンテナ第一倉庫

ニュースサイトなど宛てに広く配信された、ニュースリリース(プレスリリース)、 開示情報、IPO企業情報の備忘録。 大手サイトが順次削除するリリースバックナンバーも、蓄積・無料公開していきます。 ※リリース文中の固有名詞は、発表社等の商標、登録商標です。 ※リリース文はニュースサイト等マスコミ向けに広く公開されたものですが、著作権は発表社に帰属しています。

2025'03.15.Sat
×

[PR]上記の広告は3ヶ月以上新規記事投稿のないブログに表示されています。新しい記事を書く事で広告が消えます。

2007'02.01.Thu
CIT Purchases Remaining Stake Of Joint Venture In China
April 07, 2006

Illustrates Company's Commitment to Expand in Asia Pacific Region
    NEW YORK, April 7 /Xinhua-PRNewswire/ -- CIT Group Inc.
(NYSE: CIT), a leading provider of commercial and consumer
finance solutions, announced today that its Vendor Finance
division has acquired the remaining 45% ownership stake in
its joint venture with two Chinese companies, which was
established in 1998.

    "CIT is a leading vendor finance company in China,
where the leasing market is growing over 40% a year,"
said Tom Hallman, CIT's Vice Chairman for Specialty
Finance.  "We have posted profitable growth over the
past five years and continue to see significant growth
opportunities.  By bringing our China operations completely
under CIT's ownership, we will capitalize on the growing
demand for our global financing capabilities and further
extend CIT's leadership position in the region."

    As the largest foreign-owned vendor finance company,
CIT has more vendor relationships than any other firm in
China.  Its customers are among the world's largest
multinational companies and China's largest state-owned
entities.  A pioneer in the Chinese leasing market, CIT
closed the first vendor finance transactions in healthcare
and printing.  It currently focuses on serving the
technology, office equipment, healthcare, and printing
sectors.

    CIT also has international aerospace and trade finance
businesses that do business in the country.  CIT has nearly
$650 million in total assets in China.  

    About CIT Vendor Finance

    CIT Vendor Finance is a global leader in financing
solutions that drive incremental revenues for
manufacturers, distributors, and other intermediaries. 
With over $13 billion in assets, CIT Vendor Finance has
operations in more than 30 countries, supporting a wide
variety of industries, including health care, industrial
equipment, and technology.  Vendor relationships include
Avaya, Dell, Snap-on, and Toshiba.

    About CIT

    CIT Group Inc. (NYSE: CIT), a leading commercial and
consumer finance company, provides clients with financing
and leasing products and advisory services.  Founded in
1908, CIT has over $60 billion in assets under management
and possesses the financial resources, industry expertise
and product knowledge to serve the needs of clients across
approximately 30 industries worldwide.  CIT, a Fortune 500
company and a member of the S&P 500 Index, holds
leading positions in vendor financing, factoring, equipment
and transportation financing, Small Business Administration
loans, and asset-based lending.  With its global
headquarters in New York City, CIT has approximately 6,000
employees in locations throughout North America, Europe,
Latin America, and the Pacific Rim.  For more information,
visit http://www.cit.com .

    For more information, please contact:

    Media 
     Kelley J. Gipson 
     Executive Vice President, Marketing & Corporate
Communications
     Tel: +1-973-422-3235

    Investors
     Valerie L. Gerard
     Executive Vice President, Investor Relations
     Tel: +1-973-422-3284

SOURCE  CIT Group Inc. 
PR
Post your Comment
Name:
Title:
Mail:
URL:
Color:
Comment:
pass: emoji:Vodafone絵文字 i-mode絵文字 Ezweb絵文字
trackback
この記事のトラックバックURL:
[6516] [6515] [6514] [6513] [6512] [6511] [6510] [6509] [6508] [6507] [6506
«  BackHOME : Next »
広告
ブログ内検索
カウンター

忍者ブログ[PR]