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Hot Stocks
Pintec Technology expands cooperation with China Telecom » 20:02
06/18/20
06/18
20:02
06/18/20
20:02
PT

Pintec Technology

$1.10 /

-0.09 (-7.56%)

Pintec Technology (PT)…

Pintec Technology (PT) announced that it has expanded its cooperation with China Telecom's (CHA) Bestpay, a wholly-owned subsidiary of China Telecom Corporation Limited and "one of the largest payment platforms in China", to provide handset installment services to Bestpay's government and enterprise customers. The company began working with Bestpay to expand its cooperation scope in March 2020.

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PT Pintec Technology
$1.10 /

-0.09 (-7.56%)

PT Pintec Technology
$1.10 /

-0.09 (-7.56%)

Earnings
Pintec Technology reports FY19 EPS RMB(3.21) vs. RMB(0.74) last year » 07:54
06/15/20
06/15
07:54
06/15/20
07:54
PT

Pintec Technology

$1.02 /

+0.0799 (+8.50%)

Reports FY19 revenue…

Reports FY19 revenue RMB1.29M vs. RMB1.6M last year. Mr. Jun Dong, acting Chief Executive Officer of PINTEC, commented, "2019 was a year of transformation for PINTEC. Notably, during the period, we shifted our focus onto the acceleration of our point-of-sale business. Both installment loans and personal loans from our point-of-sales business have proven to be more sustainable than other loan types as their typical borrowers have above-average consumption power and better credit records. Looking ahead, the global outbreak of COVID-19 novel coronavirus has created new challenges for the fintech industry in both domestic and international markets. As such, we plan to continue refining our service offerings to de-risk our loan facilitation business while also prioritizing those investments which can enhance our technological capabilities, expand our partner base, and accelerate the development of new business initiatives. We remain confident that our ongoing efforts in these areas, ability to empower partners through technical innovation, and accumulation of financial service licenses will continue to heighten our competitive advantages and drive sustainable growth as we advance through the rest of 2020."

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PT Pintec Technology
$1.02 /

+0.0799 (+8.50%)

Over a quarter ago
Hot Stocks
Pintec Technology appoints Hefei Xu as head of risk management department » 06:11
02/04/20
02/04
06:11
02/04/20
06:11
PT

Pintec Technology

$2.29 /

-0.005 (-0.22%)

Pintec Technology…

Pintec Technology Holdings appointed Hefei Xu to head its risk management department. In this role, Xu will lead the Company's risk management program for PINTEC's business lines. Xu will replace Hai Tong in this role. Tong has resigned from his position as Chief Risk Officer but will continue providing support to the Company during the transition period. Hefei Xu has extensive experience in risk management practices, including such related areas as personal credit loans, SME loans, installment loans, and other cash loan products. Xu specializes in the development of risk management strategies and models, as well as the optimization of risk management procedures.

Hot Stocks
Pintec Technology enters strategic cooperation with West Guarantee in China » 07:33
01/09/20
01/09
07:33
01/09/20
07:33
PT

Pintec Technology

$1.81 /

-0.115 (-5.97%)

Pintec Technology…

Pintec Technology announced a strategic cooperation agreement with West - Yinchuan - Guarantee to carry out in-depth collaboration in the financial field. Founded in July 2014, West Guarantee is one of the largest comprehensive financial service platforms in China specializing in offering various guarantee services that cover multiple industries. Pintec and West Guarantee will be each other's strategic partners. The two parties will carry out in-depth collaboration in both technology and financial service areas to improve the efficiency of financial services and facilitate the development of inclusive finance in China market. The two parties will also establish a cooperation mechanism to advance implementation of cooperation in supply chain finance, consumer finance, and inclusive finance.

Hot Stocks
Pintec Technology says Jing Zhou tendered resignation as company's president » 07:33
10/18/19
10/18
07:33
10/18/19
07:33
PT

Pintec Technology

$1.27 /

+0.04 (+3.25%)

Pintec Technology…

Pintec Technology Holdings announced that Ms. Jing Zhou has tendered her resignation as the company's President in order to devote more time to her family. Ms. Zhou's resignation will be effective as of today, but she will continue to advise for the company. Meanwhile, Dr. Victor Li will assume Ms. Zhou's previous responsibilities, overseeing the development of the company's international business. Mr. Jun Dong, acting Chief Executive Officer and Chairman of PINTEC, commented, "On behalf of PINTEC and our board of directors, I would like to thank Ms. Zhou for her dedication to the company and her contributions to our rapid business expansion, both at home and abroad. As we highly value Ms. Zhou's experience and expertise, she will serve as an advisor to the Company following her resignation from her current position. We understand Ms. Zhou's desire to spend more time with her family and wish her all the best in her future endeavors."

Hot Stocks
Pintec Technology appoints Marcum BP as independent registered accounting firm » 06:06
09/06/19
09/06
06:06
09/06/19
06:06
PT

Pintec Technology

$3.15 /

+0.18 (+6.06%)

Pintec Technology…

Pintec Technology announced that it has appointed Marcum Bernstein & Pinchuk as the company's independent registered public accounting firm for the fiscal year ending December 31. Marcum BP replaces PricewaterhouseCoopers Zhong Tian, the former independent registered public accounting firm, which the company dismissed on August 20. The appointment of Marcum BP was made after careful consideration and evaluation process by the company and has been approved by the audit committee of the company. The report of PwC on the company's consolidated financial statements for the fiscal years ended December 31, 2017 and 2018 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. During the fiscal years ended December 31, 2017 and 2018 and the subsequent interim period through August 20, there have been no: (1) disagreements (as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions to Item 16F of Form 20-F) between the company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which, if not resolved to PwC's satisfaction, would have caused PwC to make reference thereto in their report on the financial statements for such year, or (2) reportable events as defined in Form 20-F Item 16F(a)(1)(v) other than the three material weaknesses reported in the company's 2018 Form 20-F filed with the U.S. Securities and Exchange of Commission on July 30, 2019. During the company's two most recent fiscal years and through the subsequent interim period on or prior to September 4, 2019, neither the company nor anyone on its behalf has consulted with Marcum BP on either (a) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the company's financial statements, and neither a written report nor oral advice was provided to the company by Marcum BP that Marcum BP concluded was an important factor considered by the company in reaching a decision as to any accounting, auditing or financial reporting issue, or (b) any matter that was the subject of a disagreement, as that term is defined in Item 16F(a)(1)(iv) of Form 20-F (and the related instructions thereto) or a reportable event as set forth in Item 16F(a)(1)(v)(A) through (D) of Form 20-F.

Hot Stocks
Pintec Technology CEO to take medical leave of absence » 06:03
09/06/19
09/06
06:03
09/06/19
06:03
PT

Pintec Technology

$3.15 /

+0.18 (+6.06%)

Pintec Technology…

Pintec Technology announced that its CEO and the chairman of its board, Wei Wei, has taken a temporary medical leave of absence. Wei has resigned from his position as chairman of the board but will remain on the company's board during his leave. Jun Dong, who has served as the company's director since its inception in 2012, has been elected as the new chairman of the board and named as the acting CEO of the company for the duration of Wei's absence. Dong has resigned from his current CEO position and other management roles at Jimu Group to focus on fulfilling the role and responsibilities of PINTEC's acting CEO. Dong will continue to serve as the chairman of Jimu Group's board.

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