Minsheng Financial Leasing Co., Ltd. (MSFL), China’s main non-banking financial institution, and Aixtron SE of Germany announced a strategic alliance for joint marketing of leasing options for Aixtron’s MOCVD systems in China. The new agreement defines the strategic cooperation between the two parties to promote the distribution of Aixtron´s MOCVD equipment to customers across China with the aid of MSFL’s financial services. Mr. Feng Wang, (CPO, President of Finance Leases SBU MSFL) and Wolfgang Breme (CFO Aixtron) signed the Memorandum of Understanding at a ceremony held at MSFL’s headquarters in Beijing.
“This exciting strategic cooperation will enable LED manufacturers to draw upon the most appropriate financing opportunities for the acquisition of key-enabling MOCVD equipment,” commented Ms. Rong Wang, CFO of MSFL. “Due to temporary restrictions in China in the availability of financing, this news is expected to be received very positively.”