Elephant Club Consumer Debt Fund ( the "Fund") is a fund managed by Capital Focus Asset Management Limited in Hong Kong, and is established to invest substantially all of its assets in notes issued by Elephant Club Limited ( the "Elephant Club"). Elephant Club carries on the business of a money lender and is a licensed money lender in Hong Kong. The Fund is available for subscription only by Professional Investors* in Hong Kong and persons that are permitted to do so under the laws of the relevant jurisdictions.
By investing in the Fund, investors will be indirectly investing in the consumer lending business of Elephant Club through the acquisition of the notes by the Fund. Consumer lending business has been a source of profits to banks and financial institutions in recent years.
*The term "Professional Investors" has the meaning as defined under the Securities and Futures Ordinance of Hong Kong.