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12.05.2010
LHKX issues progress update regarding portfolio of three early stage development companies promoting niche financial platform business models
LHKX issues progress update regarding portfolio of three early stage development companies promoting niche financial platform business models
London, 12 May 2010, London Hong Kong Exchange Plc (“LHKX”) issues a progress update regarding the development of its portfolio of three early stage development companies that are developing and promoting independent niche financial platform business models.
- Strictly Money
- Worldwide Exchange
- Illiquid Assets Xchange
LHKX’s business division LHKX | Capital is providing continuous financial and corporate development support for these early stage development portfolio companies and is working with external business development experts to fine tune each of the business models and prepare for initial product launches during the second half 2010.
In addition, LHKX | Capital is arranging for a series of private placements in order to provide working capital for each of the three portfolio businesses during 2010/11.
To increase the publicity profile and attach large target user audiences, LHKX Capital has started the process to arrange for each of the three businesses to be listed on a suitable European stock exchange market by the end of the third quarter 2010.
It is expected that LHKX |Group will retain a shareholding of approx 55% of the issued share capital in each of the three companies after the companies are listed during third quarter 2010.
LHKX’s strategy is to integrate these three financial platforms into the LHKX | Platform to build enduring synergies and create innovative marketing/ promotion and income / profit sharing agreements with the objective to maximise LHKX’s audiences and income streams.
About Strictly Money
The Strictly Money team are developing an information platform that provides premium financial information of interest to sophisticated investors and qualified retail investors. A joint venture with a Family Office network providing access to high qualify deal-flow is under discussion with the objective for an in-house analyst team to select the best deals for inclusion in a "Premium Deal Listing" that will be distributed to a closed group of subscribers.
About Worldwide Xchange Platform
The Worldwide Exchange team is developing an international online financial social media platform – "Worldwide Exchange" , that will deliver an up to date financial social media experience targeted at an audience comprising of all categories of retail investors and active traders . It is planned to roll out customised local language "Worldwide Exchange" platforms in multiple markets in Europe and Asia during 2010/11.
About Illiquid Assets Xchange
Illiquid Asset Xchange (IAX) is developing a secondary market platform which is a centralised market place with auction platform for buying and selling illiquid assets such as:
- Loan securities, loan portfolios and mortgaged backed securities
- Bankruptcy estate assets
- Land, property, and construction project
- Private Equity stakes
- Restricted shares
- Block trades in listed companies
IAX will develop a customised platform which can offer different auction formats to match buyers and sellers. IAX will facilitate administrative and settlement support services for execution of transactions. The IAX platform will be marketed to professional capital market participants.
About LHKX :
London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products mainly targeted at qualified retail class investors and traders.
For further queries please contact: press@lhkx.co.uk
Contact:
LONDON HONG KONG EXCHANGE PLC
Lynton House
7-12 Tavistock Square
LONDON WC1H 9BQ
United Kingdom
Tel.: +44 20 7 193 3853
Email: contact@lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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London, 12 May 2010, London Hong Kong Exchange Plc (“LHKX”) issues a progress update regarding the development of its portfolio of three early stage development companies that are developing and promoting independent niche financial platform business models.
- Strictly Money
- Worldwide Exchange
- Illiquid Assets Xchange
LHKX’s business division LHKX | Capital is providing continuous financial and corporate development support for these early stage development portfolio companies and is working with external business development experts to fine tune each of the business models and prepare for initial product launches during the second half 2010.
In addition, LHKX | Capital is arranging for a series of private placements in order to provide working capital for each of the three portfolio businesses during 2010/11.
To increase the publicity profile and attach large target user audiences, LHKX Capital has started the process to arrange for each of the three businesses to be listed on a suitable European stock exchange market by the end of the third quarter 2010.
It is expected that LHKX |Group will retain a shareholding of approx 55% of the issued share capital in each of the three companies after the companies are listed during third quarter 2010.
LHKX’s strategy is to integrate these three financial platforms into the LHKX | Platform to build enduring synergies and create innovative marketing/ promotion and income / profit sharing agreements with the objective to maximise LHKX’s audiences and income streams.
About Strictly Money
The Strictly Money team are developing an information platform that provides premium financial information of interest to sophisticated investors and qualified retail investors. A joint venture with a Family Office network providing access to high qualify deal-flow is under discussion with the objective for an in-house analyst team to select the best deals for inclusion in a "Premium Deal Listing" that will be distributed to a closed group of subscribers.
About Worldwide Xchange Platform
The Worldwide Exchange team is developing an international online financial social media platform – "Worldwide Exchange" , that will deliver an up to date financial social media experience targeted at an audience comprising of all categories of retail investors and active traders . It is planned to roll out customised local language "Worldwide Exchange" platforms in multiple markets in Europe and Asia during 2010/11.
About Illiquid Assets Xchange
Illiquid Asset Xchange (IAX) is developing a secondary market platform which is a centralised market place with auction platform for buying and selling illiquid assets such as:
- Loan securities, loan portfolios and mortgaged backed securities
- Bankruptcy estate assets
- Land, property, and construction project
- Private Equity stakes
- Restricted shares
- Block trades in listed companies
IAX will develop a customised platform which can offer different auction formats to match buyers and sellers. IAX will facilitate administrative and settlement support services for execution of transactions. The IAX platform will be marketed to professional capital market participants.
About LHKX :
London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products mainly targeted at qualified retail class investors and traders.
For further queries please contact: press@lhkx.co.uk
Contact:
LONDON HONG KONG EXCHANGE PLC
Lynton House
7-12 Tavistock Square
LONDON WC1H 9BQ
United Kingdom
Tel.: +44 20 7 193 3853
Email: contact@lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.