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EPE Europasia

3.00
0.00 (0.00%)
29 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Europasia LSE:EPE London Ordinary Share GB00B0N9QD87 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Further Investment

25/04/2006 8:01am

UK Regulatory


RNS Number:9030B
Europasia Education PLC
25 April 2006

25 April 2006



                     EUROPASIA EDUCATION INCREASES STAKE IN

                      CHINESE EDUCATIONAL MANAGEMENT GROUP

EuropAsia Education plc ("EPE"), the AIM-listed education investment group, has
increased its investment in Chinese educational facilities management group,
Dalian Business Institute ("DBI").

It has invested a further #400,000, increasing its stake from 8 to 12 per cent.
The total cost of it's investment to date in DBI is #1.1m.

London Asia Corporate Finance Ltd, a company in which Mr Simon Littlewood is a
director, has been appointed by DBI as corporate adviser for a planned #1.5
million fund raising and listing on Ofex, expected this summer.

DBI has a 25 year contract for the management of Dalian Business Institute in
Liaoning Province, China ("DBIC").  Founded in 1997, DBIC is a nationally
accredited college focusing on business and arts subjects, with over 5,000
students.

DBI operates a very similar business, but in a different part of China, to Ofex
listed China Education Group ("CEG"), in which EPE is also an investor.  The
value of EPE's  investment has gone up considerably since it invested last year,
on the back of continued strong growth in profits by CEG, with the stake now
worth #3.8 million at current market prices.

EPE Chairman, James Holmes, said:  "Our additional investment, plus the proposed
funds to be raised as part of the Ofex listing, will enable DBI to continue to
invest in its facilities to power future growth".

                                     -ends-

For further information:

James Holmes, Chairman
EuropAsia Education                               020 7355 7928

Paul Quade                                        020 7248 8010
CityRoad Communications                           07947 186694


About Dalian Business Institute China

Dalian Business Institute China (DBIC), located in the hub of Dalian city in
Liaoning Province, is a nationally accredited comprehensive three-year college,
focusing on business and arts subjects. The college diplomas awarded by DBI are
recognised by China's Ministry of Education (MOE).

The three-year diploma, degree and distance learning courses cover Business
Management, International Trade, International Accounting & Finance, Information
Technology, International Tourism, Foreign Languages, Business Laws and Arts.

About China Education Group

CEG is an Ofex listed facilities management company which manages Shandong
International Institute of Translation ("SIIT"), a profitable private college
based in Shandong Province, China.  SIIT currently has 11,000 students, based in
two campuses.  CEG recently announced increased pro forma profits for the half
year to 31 December 2005 up 47 per cent.  For additional information, visit the
Company's web site at www.chinaeducationgroup.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCQZLFLQZBFBBE

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