Golden eggs expected from mainland assets

PUBLISHED : Friday, 17 December, 2004, 12:00am
UPDATED : Friday, 17 December, 2004, 12:00am

Property investment firm Goldbond Group Holdings expects the diversification into investment banking and individual loan guarantee businesses on the mainland to make up 50 per cent of its revenue by the next financial year, says chief executive Charles Wong Yu-lung (centre). The firm issued a $30 million convertible bond in October to buy 20 per cent of Goldbond Capital Holdings from Mr Wong. A month later, it agreed to take a 40 per cent stake in personal loan guarantee provider Rongzhong Group.