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08062 EFT SOLUTIONS

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  • 0.280
  • 0.0000.00%
Market Closed Feb 18 16:08 CST
134.40MMarket Cap4.52P/E (TTM)

About EFT SOLUTIONS Company

We are a leading electronic payment terminal solution provider, focusing on providing electronic payment terminals and peripheral equipment procurement and electronic payment terminal system support services in Hong Kong. We position ourselves as a bridge between electronic payment terminal manufacturers and billing institutions, providing a full range of electronic payment terminal solutions, including procurement services for electronic payment terminals and peripheral equipment, developing software that complies with electronic payment standards and certification, and providing installation, daily maintenance, maintenance and other related services (“electronic payment terminal system support services”). In addition, we also provide customized software solutions for billing agencies and merchants according to individual projects. We provide procurement services for electronic payment terminals and peripheral equipment for billing agencies and merchants. We are a value-added partner of Verifone Systems International Limited (a subsidiary of Verifone) and one of Vendor B's subsidiaries. According to the Frost & Sullivan report, Verifone and Supplier B were the top two global electronic payment terminal manufacturers in 2015 in terms of revenue. As a value-added partner, we promote and market products and develop software applications for relevant electronic payment terminals that can be certified by Hong Kong and Macau billing agencies. We have established a long-term business relationship with Verifone since October 2008, established a long-term business relationship with Baifu since May 2009, and established a long-term business relationship with Supplier B since November 2010. With our experience in the electronic payment industry and the good business relationships we have established with manufacturers of electronic payment terminals and peripheral equipment, we are able to recommend suitable electronic payment terminal solutions that meet customer requirements. For each of the two years ended March 31, 2015 and March 31, 2016, we procured electronic payment terminals and peripheral equipment for our customers, earning approximately HK$14 million and HK$20.6 million respectively. According to Frost & Sullivan's report, electronic payment terminal manufacturers and billing institutions may not necessarily be able to set up teams in the market where they operate to provide electronic payment terminal system support services, so they usually outsource electronic payment terminal system support services to electronic payment terminal solution providers. Our electronic payment terminal system support service involves providing installation, maintenance, recycling, repair and other related services for electronic payment terminals deployed by the recipient organization. The relevant merchants include Hong Kong chain stores and department stores such as Top 100, DFS, Watsons and Hong Kong Sogo Department Store. As part of our electronic payment terminal system support service, we also provide merchants with round-the-clock hotline service and basic training using electronic payment terminals. On March 31, 2016, we signed service arrangements with four electronic payment terminal manufacturers to provide electronic payment terminal system support services, covering notes from 15 billing institutions, and directly providing electronic payment terminal system support services to 10 payee institutions and 5 merchants, covering about 46,000 electronic payment terminals in Hong Kong and Macau. For each of the two years ended March 31, 2015 and March 31, 2016, we earned approximately HK$19.9 million and HK$24.4 million respectively by providing electronic payment terminal system support services. According to the Frost & Sullivan report, in 2015, we ranked first in terms of the revenue of electronic payment terminal solution providers providing support services for electronic payment terminal systems, accounting for 54.0% of Hong Kong's market share. We also provide value-added software solutions through the development of customized software for individual projects. These solutions simplify data collection procedures, thereby optimizing payment transaction processing and operation processes for billing institutions and merchants. During the track record period, we developed software for our clients relating to (among others) customer relationship management and electronic retail management (“ERM”). For each of the two years ended March 31, 2015 and March 31, 2016, we earned approximately HK$1.3 million and HK$1 million respectively from developing software solutions for individual projects.

Company Profile

Symbol08062
Company NameEFT SOLUTIONS
ISINKYG294321040
Listing DateDec 15, 2016
Issue Price0.56
Shares Offered120.00M share(s)
FoundedMay 26, 2016
Registered AddressCayman Islands
Chairmanjunjie lao
Secretarywenhao li
Audit InstitutionKPMG Certified Public Accountants Limited
Company CategoryOther
Registered OfficeWindward 3, Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands
Head Office and Principal Place of BusinessRoom B1 & B3, 11th Floor, Yip Fung Industrial Building, 28-36 Kwai Fung Street, Kwai Chung, New Territories, Hong Kong
Fiscal Year Ends03-31
Employees78
MarketGEM
Phone(852)37412116
Emailenquiry@eftsolutions.com
Business The Company and its subsidiaries are engaged in providing point-of-sale electronic fund transfer (“electronic payment terminal”) solutions, focusing on the sale of electronic payment terminals and peripheral equipment, and providing electronic payment terminal system support services, software solution services and embedded system solution services.

Company Executives

  • Name
  • Position
  • Salary
  • junjie lao
  • Presidencies, CEO, Executive Director, Chairman of the Nomination Committee, Remuneration Committee Members, Authorized Representative
  • 1.54M
  • jingwen lin
  • Non-executive Directors
  • 144.00K
  • xianrong lv
  • Non-executive Directors
  • 144.00K
  • yongquan hu
  • Independent Non-Executive Director, Nomination Committee Members, Remuneration Committee Members, Audit Committee Members
  • 144.00K
  • jiahe zhou
  • Independent Non-Executive Director, Chairman of the Audit Committee
  • 29.00K
  • pingyao huang
  • Independent Non-Executive Director, Remuneration Committee Chairman, Nomination Committee Members, Audit Committee Members
  • 144.00K
  • jiaming li
  • Director of Operations
  • --
  • weidao chen
  • Director of Information
  • --
  • wenhao li
  • Chief Financial Officer, Authorized Representative, Company Secretary
  • --
  • zhenbang zhang
  • Senior Manager of Procurement and Logistics
  • --

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