We would like to inform you that our company Creator is acquired 70% shares by GRG banking company, and we will merger with GRG banking, but no changes will be made in the Creator’s team, business practice, and customer’s service.
Established in 2001, as the first company who independently developed the embedded card reader and card dispenser, CREATOR (CHINA) TECH CO., LTD becomes one of the leading hi-tech companies, which integrated R&D, manufacture and marketing of card payment, cash payment and online payment module. Certified ISO9001 Quality System Authentication in 2002, CREATOR became a Shenzhen Hi-tech Enterprise in 2003. Honored National Hi-tech Enterprise in 2008.
Creator is constantly progressing along with the support and care from clients both at home and abroad. In the field of card payment module industry as well as the cash payment industry, Creator has developed serials of exquisite, innovative products, like CRT-630-CZ1 contactless card reader, CRT-310N high-performance motorized card reader, CRT-288C high-performance card reader, and C100-B11 cash acceptor, which are all complying both international and China standards.
GRG Banking is a leading provider of currency recognition and cash processing solutions with great potential and rapid development. For over 20 years, GRG specializes in the development and manufacturing of Automated Teller Machine (ATM) , Video Teller Machine(VTM) ,Automatic Fare Collection(AFC),Currency recognition and cash processing equipment modules and systems, is a modern high-tech enterprise which engaged in independent R&D, sales ,production, service.
Headquartered in Guangzhou, GRG is the No. 1 ATM supplier in China and a top 5 player in the global market. GRG's comprehensive solutions have been widely used in Finance, Telecom, CIT, Railway and Retail sectors. Up till to the March of 2015, GRG's products and solutions are widely used in over 70 countries and regions worldwide, with over 170,000 machines providing reliability, security and convenience to over 10 million people on a daily basis.
With the increasing demand for the self-service equipments both at domestic and foreign, the market of advanced embedded card reader has a bright future. By means of acquiring creator, for GRG, on one hand, it can lower the cost, and improve the profitability on the basis of meeting their owns demands for the embedded card reader module; on the other hand, GRG can open up a new profit point to achieve the sustainable development by promoting the solution worldwide.
After the acquisition, GRG will hold the 70% shares of CREATOR, and changes will not be made in the Creator’s team, business practice, and customer’s service. GRG will spare no effort to assist new CREATOR with powerful technical and marketing support, to be global leader in the card & cash payment industry.
As Chinese saying goes: Repay as much as you can for even a little bit of favor you have received. Many thanks again for your constant supports and helps, New Creator will keep performing our values- Customers success, integrity, innovation and collaboration. Let us join hands and move forward to creating more glorious future.
CREATOR (CHINA) TECH CO., LTD