Communicators
are winners!
News
21.12.2009
Can Can Lingerie Signs Heads of Agreement regarding Acquisition of ALF Group
Can Can Lingerie Signs Heads of Agreement regarding Acquisition of ALF Group
Kensington, 21st December 2009 - Can Can Lingerie Holding AG (ISIN: CH0044678180) today announced that it has entered into a Heads of Agreement to purchase a 50 percent interest in ALF Group Pte Ltd (a private Singaporean holding company). The acquisition target wholly owns a group of Australian companies trading across several industries.
The largest immediate opportunities for Can Can Lingerie Holding (CCH) lie in the following five main companies of the ALF Group:
1) Australian Litigation Funders Pty Ltd is a litigation funding company. This company effectively buys a share in the outcome of legal cases where management assess both the chance and the size of the outcome. Traditionally, this company undertakes litigation funding for personal and commercial litigation matters. It earns between 30-50 percent of net results (after costs).
2) ACRS (Australian Corporate Restructuring Services) Pty Ltd prepares individuals and companies for bankruptcy or administration. Furthermore, it restructures companies and individuals to be tax effective and to be asset protected. In addition to that, this company raises capital for companies and buys distressed debts and assets.
3) ALF General Liquidation Funding Pty Ltd enters into master funding agreements with liquidators and trustees to fund recoveries and claims for trustees and liquidators and if successful earns fees of between 30-50 percent of the gross amount recovered.
4) Australian Carbon Credit Exchange Pty Ltd (ACCE) is a Government accredited abatement certificate provider. ACCE can obtain carbon credits and issue or sell these to companies who have the need for these credits, i.e. emissions trading. ACCE is currently in negotiations with a listed European photovoltaic developer to undertake feasibility studies to determine its commercial viability.
5) IP Telecom Australasia Pty Ltd owns the intellectual property to launch an independent carrier for VOIP for the SME (small to medium size enterprise) market. This company is currently under a memorandum of understanding (MOU) to JV a roll out of mobile phone stores which will be independent of any one carrier.
The proposed acquisition is based on an enterprise value of 16 million Euro (subject to due diligence) and a projected EBIT of 3 million Euro in 2010. This transaction is expected to be settled within 70 days. CCH has also negotiated an exclusive option to buy the balance of the equity in the acquisition company at anytime over the next 3 years, based on an agreed formula.
Currently, there are only 32.5 million shares of CCH issued and outstanding. The proposed acquisition would be a share deal based on a valuation of 0.10 Euro per CCH-share. Management believes that this deal offers CCH extraordinary growth opportunities within the Asia Pacific region across several sectors to take in part advantage of the Global Credit Crisis.
About CCH
Can Can Lingerie Holding AG develops, acquires or invests in innovative companies operating or expanding internationally. We leverage our expertise in international operations and expansions with a focus on emerging markets and China, as we believe emerging markets provide an excellent environment for growth. We also believe innovative companies provide opportunity for growth in all international markets. By developing and partnering with innovative companies and taking advantage of the benefits of operating in emerging markets we maximize growth potential.
To more accurately reflect the company’s activities, it is proposed to change the name of the company to Can Can Holding AG, at the next AGM.
For further information please contact:
Can Can Lingerie Holding AG
77-79 Anzac Parade
Kensington, NSW 2033
Australia
Tel.: +61 2 9663 2482
Website: www.cancanholdings.com
public eye CONSULTING BUSCHE
Karsten Busche
Managing Director
Tel.: +49 30 43 05 89 22
eMail: info@publiceye-consulting.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Kensington, 21st December 2009 - Can Can Lingerie Holding AG (ISIN: CH0044678180) today announced that it has entered into a Heads of Agreement to purchase a 50 percent interest in ALF Group Pte Ltd (a private Singaporean holding company). The acquisition target wholly owns a group of Australian companies trading across several industries.
The largest immediate opportunities for Can Can Lingerie Holding (CCH) lie in the following five main companies of the ALF Group:
1) Australian Litigation Funders Pty Ltd is a litigation funding company. This company effectively buys a share in the outcome of legal cases where management assess both the chance and the size of the outcome. Traditionally, this company undertakes litigation funding for personal and commercial litigation matters. It earns between 30-50 percent of net results (after costs).
2) ACRS (Australian Corporate Restructuring Services) Pty Ltd prepares individuals and companies for bankruptcy or administration. Furthermore, it restructures companies and individuals to be tax effective and to be asset protected. In addition to that, this company raises capital for companies and buys distressed debts and assets.
3) ALF General Liquidation Funding Pty Ltd enters into master funding agreements with liquidators and trustees to fund recoveries and claims for trustees and liquidators and if successful earns fees of between 30-50 percent of the gross amount recovered.
4) Australian Carbon Credit Exchange Pty Ltd (ACCE) is a Government accredited abatement certificate provider. ACCE can obtain carbon credits and issue or sell these to companies who have the need for these credits, i.e. emissions trading. ACCE is currently in negotiations with a listed European photovoltaic developer to undertake feasibility studies to determine its commercial viability.
5) IP Telecom Australasia Pty Ltd owns the intellectual property to launch an independent carrier for VOIP for the SME (small to medium size enterprise) market. This company is currently under a memorandum of understanding (MOU) to JV a roll out of mobile phone stores which will be independent of any one carrier.
The proposed acquisition is based on an enterprise value of 16 million Euro (subject to due diligence) and a projected EBIT of 3 million Euro in 2010. This transaction is expected to be settled within 70 days. CCH has also negotiated an exclusive option to buy the balance of the equity in the acquisition company at anytime over the next 3 years, based on an agreed formula.
Currently, there are only 32.5 million shares of CCH issued and outstanding. The proposed acquisition would be a share deal based on a valuation of 0.10 Euro per CCH-share. Management believes that this deal offers CCH extraordinary growth opportunities within the Asia Pacific region across several sectors to take in part advantage of the Global Credit Crisis.
About CCH
Can Can Lingerie Holding AG develops, acquires or invests in innovative companies operating or expanding internationally. We leverage our expertise in international operations and expansions with a focus on emerging markets and China, as we believe emerging markets provide an excellent environment for growth. We also believe innovative companies provide opportunity for growth in all international markets. By developing and partnering with innovative companies and taking advantage of the benefits of operating in emerging markets we maximize growth potential.
To more accurately reflect the company’s activities, it is proposed to change the name of the company to Can Can Holding AG, at the next AGM.
For further information please contact:
Can Can Lingerie Holding AG
77-79 Anzac Parade
Kensington, NSW 2033
Australia
Tel.: +61 2 9663 2482
Website: www.cancanholdings.com
public eye CONSULTING BUSCHE
Karsten Busche
Managing Director
Tel.: +49 30 43 05 89 22
eMail: info@publiceye-consulting.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.