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YCI Yangtze China

2.5001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yangtze China LSE:YCI London Ordinary Share KYG984781032 ORD USD0.10 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.5001 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.5001 USD

Yangtze China (YCI) Latest News

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Yangtze China (YCI) Discussions and Chat

Yangtze China Forums and Chat

Date Time Title Posts
03/10/201113:25Yangtze China - 201013

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Yangtze China (YCI) Top Chat Posts

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Posted at 16/11/2010 13:28 by andrbea
yci (50%)

someone spent 1.5USD (so at a premium) on 1000 shares when the spread was 0.5 to 1.0

spread is now 0.75 to 1.5!!
Posted at 19/3/2010 12:43 by andrbea
Yangtze China, the investment company focused on unlisted small and medium-sized growth businesses within the consumer sector in China, saw its net asset value per share ease to $0.95 at the end of September from $0.97 at the end of March.

The company, which still has $6.6m of cash in the kitty, sees signs of recovery in the Chinese economy and is on the look-out for further investment opportunities. In an interview with Sharecast in October Steven Feng, chief investment officer at Yangtze Ventures, the advisory arm of the company, suggested the company would be looking at green technology, and also the consumer finance sector.
Posted at 19/3/2010 12:27 by andrbea
This from Sept 2009

Operational Highlights:


Successful flotation in May 2008, raising approximately US$25.4 million (gross)


Acquisition of the Initial Portfolio concurrent with the flotation


Completion of US$5.0 million investment into Aesthetic International Holdings Group Limited after flotation

Write-off of investment in IGO Home Shopping Holdings Limited mainly due to aggressive network expansion being adversely impacted by the unexpected slowdown of China's retail market after the financial turmoil

Commenting on the results, Mr Wilfred Wong, Chairman of Yangtze China Investment Limited, said: "I am pleased to report that our NAV per share recorded an increase of 10.2% since our flotation on AIM. Since our listing, our investment in a beauty spa franchise network has appreciated substantially but its favourable impact has been significantly offset by impairment in our investment in a TV home shopping network. During these challenging times, we have been exceptionally cautious in our investment decision making. Accordingly, as reported in our interim results, we decided to write off our investment in the TV home shopping network in its entirety, even though we are actively seeking alternative funding sources and working partners to recapitalise the company."

"With global markets stabilising and China's anticipated rebound, Yangtze has been actively looking for further investment opportunities. Our current cash position of US$7.0 million places the Company in an excellent position to invest in good-quality assets at attractive entry valuations as and when suitable opportunities arise."
Posted at 19/3/2010 10:12 by andrbea
from interims (Dec 2009)

NAV maintained at US$24.1 million (31 March 2009: US$24.5 million)
NAV per share maintained at US$0.95
Current cash and cash equivalents total US$6.6 million
Posted at 19/3/2010 09:38 by andrbea
epic recognised at share centre (online dealing)
Posted at 19/3/2010 09:37 by andrbea
yci

spread at open today was 0.3-0.45, so it does (normally) have an acceptable spread

yesterday the spread was 0.3 - 0.4

big spread now (0.3 - 0.9) is just indicative that they have no stock IMO (they want buying to stop)

but if the buying were to continue they'd be in big trouble of course.

nia dyor
Posted at 18/3/2010 13:28 by andrbea
Initial investment (July 2008)

Yangtze China Investment Limited (AIM:YCI.L), a provider of expansion capital to China-based enterprises, today announces that it has completed its first investment following its admission to AIM.

The Company has invested US$5.0 million in Aesthetic International Holdings Group Ltd. ('Aesthetic'), the holding company for a beauty spa franchise group based in Beijing, China with around 24 full-time employees. Aesthetic has issued to Yangtze a 15% convertible loan note due 2011 representing, upon full conversion, a stake of approximately 25 per cent. of the equity share capital of Aesthetic on a fully diluted basis. The terms of the investment provide Yangtze with the right to appoint up to 2 directors to the board of Aesthetic and certain other investor rights in accordance with the Company's investment guidelines.

Aesthetic, a company incorporated in the British Virgin Islands, has been established to facilitate the investment by the Company and the subsequent corporate restructuring of the group that will be implemented following completion. The business of the group is principally the sale of beauty and skincare products and services, marketed under the brand names of 'Aesthetic' and 'O'rola'. These beauty and skincare products are distributed in the Peoples Republic of China ('PRC') using a franchise beauty centre sales network.

To date, Aesthetic has developed a variety of product lines, totalling approximately 200 items. The business generates revenues principally through the sale of its products, which are manufactured by two independent manufacturers. In addition to product sales, Aesthetic also generates revenues through licensing and franchising fees resulting from the use of the brand names of 'Aesthetic' and 'O'rola' by franchisees. As at 31 May 2008, Aesthetic had, through its agent, 621 direct franchised beauty centres and 696 sub-franchised beauty centres, totalling 1,317 shops throughout the PRC. Although the business is growing fast and is generating sales, it is still in its infancy and profits are currently at break-even.

The funds invested will enable Aesthetic to complete the group's restructuring, raise the group's profile through increased marketing and promotion of its brands and products, expand the research and development team, and fund the establishment of beauty training and franchise management centres.

Strong economic growth and the rapid urbanisation of the PRC have resulted in a larger labour force earning higher wages which has subsequently boosted the disposable income level of Chinese individuals. This rise in disposable income has directly led to an increase in household expenditure, in particular retail consumption. The combination of rising income, the increasing proportion of women in the workforce, changing attitudes to personal grooming and growing awareness of grooming trends are the fundamental drivers of China's cosmetics and toiletry industry. According to Euromonitor International, a provider of business intelligence, China's cosmetics and toiletry industry achieved RMB95 billion in retail sales in 2006. Skincare products and colour cosmetics account for the largest share of the PRC cosmetics and toiletries industry with a 31 per cent. and 11 per cent. market share respectively.

Wilfred Wong, Chairman of Yangtze China Investment Limited, said: 'At the time of Yangtze's admission to AIM we stated that we would move quickly to invest the capital raised and this investment into Aesthetic marks the Group's ability to adhere to its strategic goals.

'In line with our investment strategy, Aesthetic is ideally placed to benefit from increasing disposable income in China. There is still considerable growth in the Chinese cosmetics and toiletries industry and we are confident that Aesthetic will benefit from this ongoing trend and will help generate positive returns for our shareholders.'
Yangtze China share price data is direct from the London Stock Exchange

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