DT Asia Investments has bought Chinese SME lender Urumqi Feng Hui Direct Lending Co. and will rename it China Direct Lending Corporation.Â
Special purpose acquisition company DT Asia raised $60 million from an initial public offering of DT Asia Investments on the NASDAQ in October 2014. The capital raise was explicitly intended to finance an acquisition and, as a result, China Direct Lending Corporation will trade publicly in the US and will be the first Western Chinese alternative lender listed there.
