Healthcare Industry Investments to be an Increasing Focus of the Company in 2021
BEIJING , Jan. 19, 2021 /PRNewswire/ -- Puhui Wealth Investment Management Co., Ltd. (Nasdaq: PHCF) ("Puhui" or the "Company"), a third-party wealth management service provider with a focus on wealth management services for high net worth ("HNW") individuals and corporate clients as well as asset management, today announced that two of the Company's portfolio investments successfully completed Initial Public Offerings (IPOs) on the Hong Kong Exchanges and Clearing Market ("HKEX"), including one in November 2019 and the other in October 2020 .
The Company has seen considerable growth in the medical and health sectors over the past few years , especially after the impact of the global pandemic on the Chinese economy, leading to an increased emphasis on medical services that can be administered both in-person and remotely. Puhui has been able to invest in the early stages of development for many of these healthcare companies since 2018.
Since its founding, Puhui has invested in 16 medical projects on behalf of its clients, with two IPOs. The range of specific sectors within the healthcare industry include: biotech (original drugs, cellular immunotherapy, human/animal vaccines and biosimilars), medical equipment, and medical services.
Mr. Zhe Ji , the Chairman and CEO of the Company, stated, "Our goal as a diversified wealth and asset manager is to generate favorable returns for our clientele through Puhui's ability to find early-stage investments in a variety of sectors. We have been very pleased to see our healthcare investments culminated in successful IPOs in the last two years. Looking ahead, we expect to deploy additional capital into this sector due to high demand for plague prevention products following the COVID-19 pandemic. In addition, there is a large number of aging populations worldwide that have a high medical service demand. And finally, companies are increasingly monetizing their operations through successful public offerings on China's stock exchange, the Hong Kong Stock Exchange, and European and U.S. capital markets. This could provide a clear and defined development strategy for Puhui and its investors."
About Puhui Wealth Investment Management Co., Ltd.
Headquartered in Beijing, China and founded in 2013, Puhui is a third-party wealth management service provider focusing on marketing financial products (including private equity and other diversified products and services) to, and managing funds for, individuals and corporate clients in the PRC. On December 27, 2018 , the Company's ordinary shares were listed and began trading on the Nasdaq Capital Market (ticker: PHCF).
Additional information about Puhui can be found at the Company's corporate website: www.puhuiwealth.com .
Forward Looking Statement
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SOURCE Puhui Wealth Investment Management Co., Ltd.