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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 |
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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