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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
All Active Asset Capital Limited | LSE:AAA | London | Ordinary Share | VGG017801082 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 53.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAAA
RNS Number : 1238O
All Asia Asset Capital Limited
02 November 2016
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
2 November 2016
All Asia Asset Capital Limited
("All Asia Asset Capital", "AAA" or the "Company")
Update on investments, strategy and outlook
All Asia Asset Capital Limited (AIM: AAA), an investment company focused on investing in the growing markets of the Asia Pacific region, announces an update in respect of the Company's investments, its outlook and its strategy.
In respect of the Company's investments in Andaman Power and Utility Company Limited ("APU") and Myanmar Allure Group Co., Ltd. ("MAG"), the Board is not aware of any significant developments to report to shareholders since the update provided within the Company's interim results for the six months ended 30 June 2016 (announced on 16 September 2016). As indicated in the interim results, the Company is actively seeking opportunities to realise its investment in APU but no discussions are at an advanced stage. The Board now believes that equivalent steps should be taken to seek to realise the Company's investment in MAG.
Following the appointment of Mr. Paniti Junhasavasdikul as Chief Executive Officer in September 2016, the Company continues to evaluate new investment opportunities, although the Company currently has very limited available cash resources and is not currently in a position to make new investments. The Board's more recent focus has thus been on controlling costs and evaluating options for raising funds for the Company to meet its ongoing operating expenses. The Board intends to engage with potential investors with a view to securing new funding in the shorter-term. However, there can be no certainty regarding the timing of the conclusion of any discussions, and/or whether any new funding on acceptable terms will ultimately be secured.
A number of investment opportunities that the Board has recently reviewed have fallen outside of the scope of the Company's investing policy and, consequently, the Board is considering a proposal to change the Company's investing policy. Any change in investing policy will be subject to the approval of shareholders.
Further announcements will be made as appropriate.
-Ends-
For further information:
All Asia Asset Capital Limited Paniti Junhasavasdikul, Chief Executive Officer Robert Berkeley, Executive Chairman and Finance Director Tel: +44 (0) 207 621 8910 Tel: +852 3756 0124 www.aaacap.com Allenby Capital Limited (Nomad & Broker) Nick Athanas / Nick Naylor / Alex Brearley Tel: +44 (0) 203 328 5656 www.allenbycapital.com
About AAA
AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia-Pacific region. The Company invests in a portfolio of companies with at least a majority of operations (or early-stage companies that intend to have at least a majority of their operations) in the Asia-Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property, and/or technology. AAA is publicly quoted and its shares are traded on the AIM Market, which is operated by the London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 02, 2016 05:01 ET (09:01 GMT)
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