Ideanomics Digital Advisory Services Provides Digital Financial Enablement for Hua Ya Fund Portfolio Companies
NEW YORK, April 2, 2019 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global AI-driven management and financial services company acting as a catalyst for transformative industries is pleased to announce during New York Fintech Week 2019 its exclusive deal with Hua Ya Fund of China, a leading VC and PE fund that operates in four high tech parks in China including Zhangjiang in Pudong Shanghai, Zhenjiang, Anhui, and Nanjing Jiangsu.
These four technology parks are hubs for nearly 2000 companies, and Hua Ya Fund has close to 300 investments of companies based in these parks, including Tengkai Online Points, China's leader in digital consumer loyalty program, Peilida, world leader in next generation GRC, GRC-PC, UHPC and GRM architecture designer and service provider, Nanjing ZSY Aviation Technology, a leader in industrial drone, and Eng Pai the leading Chinese sports marketing company.
As these portfolio companies scale and become profitable, they seek access to global liquidity, as well as expansion into international markets. Ideanomics is going to assist them in overseas expansion through providing advisory services to access capital markets and exchanges such as the Hong Kong Stock Exchange GEM, NYSE ICE, the newly launched Shanghai Stock Exchange Technology Board and other regulated markets- all of which are expanding their footprint and demonstrating an appetite for international listings.
"New technology provides solutions that improve transparency for regulatory compliance and jurisdictional reporting," said Kate Lam, MD of Digital Financial Products at Ideanomics. "Through a global ecosystem of regulated ATSs and licensed exchanges, the Hua Ya Fund portfolio companies can have access to international capital – potentially increasing shareholder liquidity and opening other financial opportunities."
"We were very impressed with the Hua Ya Fund and its management team, when we met recently in Beijing" said Alf Poor, CEO of Ideanomics. "Their fund has a tremendous pool of quality investments, many of which are maturing rapidly and have the opportunity to scale internationally. We're very pleased to be partnering with them, to assist their portfolio companies in achieving their exit and liquidity objectives".
By providing digital financial enablement and advisory services to its clients, Ideanomics Digital Advisory Services receives fees, shares and other negotiated revenues. Subject to certain jurisdictional and regulatory approvals, and to create further shareholder value, Ideanomics may dividend shares it receives from these clients.
About Ideanomics
Ideanomics is a global Fintech and AI catalyst for transformative industries combines deal origination and enablement with technology and applications as part of the next-generation of financial services. We drive shareholder value through 3 primary divisions: Artificial Intelligence (AI) Division, Digital Banking and Advisory, and Digital Asset Management Services.
The company is headquartered in New York, NY, and has offices in Beijing, China, with plans for global centers for Technology and Innovation such as our primary fintech village campus in West Hartford, CT.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov.. All forward- looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications at Ideanomics
55 Broadway, 19 Floor, New York, New York 10006
Email: [email protected]
www.ideanomics.com
Tel: +1.212.206.1216
SOURCE Ideanomics
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