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28.03.2011
LHKX PLC announces acceptance of offer
LHKX PLC announces acceptance of offer
London, 28th March 2011, London Hong Kong Exchange Plc (“LHKX PLC” or “the Company”) http://lhkx.com confirms that after careful consideration the Board of Directors have accepted an offer from House of Capital BV to provide a cash injection of € 7.5 million and realign the Company’s business operations, which includes a spin-off of the Company’s financial services platform business into an independent UK company with a target to execute an IPO on the London Stock Exchange AIM market within 7 months. The Board of Directors envisages that acceptance of this offer is in the best interests of the Company’s stakeholders.
Post realignment, the Company’s main business activity will be to actively invest and trade in new future orientated technology IPO companies (High Tech IPOs). The Company will make direct investments or invest in partnership with selected investor groups. The capital injection of amount €7.5 million enables the Company to acquire significant participations in a number of high performance IPOs that have been identified by House of Capital BV.
The Company’s selection criteria for future orientated technology IPO companies will be based on:
• Disruptive future orientated technologies, products and /or services
• Potential to create new market and/or grab significant market share
• Outstanding leadership team
• Growth potential
The Company will focus on investing into future orientated technology IPOs within the following business segments:
• Next generation online businesses
• Media and entertainment
• ICT (Information and Communications Technologies)
• New industrial applications
• Industrial application improvements
• Future orientated environmental technologies
Further information regarding the appointment of a new board of directors and new senior management will be published during the coming days.
About House of Capital BV:
House of Capital BV is a private company that specialises in facilitation of international structured finance solutions.
For further queries please contact:
LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
United Kingdom
Tel: +44 20 7 193 3853
Email: press@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, 28th March 2011, London Hong Kong Exchange Plc (“LHKX PLC” or “the Company”) http://lhkx.com confirms that after careful consideration the Board of Directors have accepted an offer from House of Capital BV to provide a cash injection of € 7.5 million and realign the Company’s business operations, which includes a spin-off of the Company’s financial services platform business into an independent UK company with a target to execute an IPO on the London Stock Exchange AIM market within 7 months. The Board of Directors envisages that acceptance of this offer is in the best interests of the Company’s stakeholders.
Post realignment, the Company’s main business activity will be to actively invest and trade in new future orientated technology IPO companies (High Tech IPOs). The Company will make direct investments or invest in partnership with selected investor groups. The capital injection of amount €7.5 million enables the Company to acquire significant participations in a number of high performance IPOs that have been identified by House of Capital BV.
The Company’s selection criteria for future orientated technology IPO companies will be based on:
• Disruptive future orientated technologies, products and /or services
• Potential to create new market and/or grab significant market share
• Outstanding leadership team
• Growth potential
The Company will focus on investing into future orientated technology IPOs within the following business segments:
• Next generation online businesses
• Media and entertainment
• ICT (Information and Communications Technologies)
• New industrial applications
• Industrial application improvements
• Future orientated environmental technologies
Further information regarding the appointment of a new board of directors and new senior management will be published during the coming days.
About House of Capital BV:
House of Capital BV is a private company that specialises in facilitation of international structured finance solutions.
For further queries please contact:
LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
United Kingdom
Tel: +44 20 7 193 3853
Email: press@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.