Home News DGAP-News: AsiaPac Capital Services negotiated the sale of minority stake in the...

DGAP-News: AsiaPac Capital Services negotiated the sale of minority stake in the company

40
0

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. For the content of Communication is the issuer / publisher responsible.
—————————————————————————
Toronto, Canada – (Press Release) – May 16 February 2010 08:30 CET
AsiaPac Capital Services Ltd..,: German Stock Exchange Symbol: 5AP. (www. asiapaccapital.ca), today announced that interline China, an investment firm based in Shanghai and Partner company of Fujian (China) State Intl Corp., Sichuan Longxin Investment Co. and the Hong Kong Hill Ford Co. Ltd.., acquiring a 40 per cent Participation in AsiaPac Capital Services is considering.
Interline investments focus primarily on Assets in the mining and energy, the company is out interested in an active role in the enterprise renewable To incorporate the energy and mining.
Originally, the value of the transaction amounted to 4.50 EUR per share, representing a premium to the remarkable last trading price is. With the currently outstanding Share capital of approximately 6.9 million shares, the investment reflects the sale additional 4.6 million treasury shares. Total the value of the transaction is valued at 20.7 million euros.
The parties expected within the next seven to ten days a clearer statement of intent. It is estimated that the interline assets in late 2009 to nearly 100 Million U.S. dollar amounts.
Samuel Lee, president of the company, commented: ‘Our projects are mainly focused on Philippines, where there are many incentives for Interline. Due to the stable political climate, year-round opportunities and a reduction wide range of government incentives for foreign investors, especially in renewable energy and mining; AsiaPac is located in a very good starting position for the Implementation of some business projects that positively by Interline were evaluated. We already have an excellent Network of business partners, experts and a range with strong potential projects. "
The company is more information based on the future developments in this area to announce.
Disclaimer & security statement; This Press release contains forward-looking statements based on certain Assumptions and current expectations of the Managing reflect. These forward-looking statements involve a number of risks and uncertainties that have resulted could cause actual results or events to differ materially from current expectations. The company is in undertakes any way, because these forward-looking statements new information, future events or to update or revise any other reasons. Hedge under Statement of U. S. Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995th
Copyright (c) 2010 AsiaPac Capital Inc. All rights reserved.
For further information please contact: AsiaPac Capital Services Ltd.. 557A Eglinton Ave West, Toronto, Canada M5N 1B5 Phone: 1-416-800-2080 Email: info@asiapaccapital.ca
16.02.2010 08:30 Ad-hoc news, financial news and Press releases transmitted by DGAP. Media archive at http://www.dgap-medientreff.de and http://www.dgap.de