Eason Technology Goodwill

What does Eason Technology do? Eason Technology Ltd provides loan facilities to micro, small, and medium enterprises and sole proprietors. The company operates through its wholly owned subsidiary True Silver, which uses a variable interest entity (VIE) structure to consolidate 80% of the financial results of Hubei Chutian Microfinance Co., Ltd. (Chutian). Chutian, a China-based microfinance company, lends small loans to customers. The firm primarily targets individuals and SMEs for its loan services. Dunxin Financial Holdings Ltd, the parent company, acquired all shares of True Silver from Honest Plus Investments Limited in 2017. The company's business model relies on microfinance lending via Chutian, which is consolidated through True Silver under the VIE structure. This structure allows Dunxin to operate and consolidate the financial results of Chutian without direct ownership. The company's revenue comes from loan interest and fees generated through its microfinance operations. Customers include individuals and small businesses seeking small loans, while the primary buyers of the company's services are the borrowers themselves. The business serves the microfinance segment in China, focusing on SMEs and sole proprietors. Eason Technology is one of the most popular companies on Eulerpool.