Asia Wealth Group Holdings Ray Alliance Update

 
TIDMAWLP 
 
12 December 2018 
 
                      Asia Wealth Group Holdings Limited 
                       ("Asia Wealth" or the "Company") 
 
                              RAY ALLIANCE UPDATE 
 
Asia Wealth is pleased to announced further to the update announced on 6 June 
2017, that Ray Alliance Financial Advisers Pte Ltd ("Ray Alliance") has now 
returned their shares in Asia Wealth back to the Company, together with 
financial compensation such that Asia Wealth has not suffered any financial 
loss. The matter has been amicably resolved and Asia Wealth looks forward to 
collaborating with Ray Alliance on various financial projects in S.E. Asia. 
 
Pursuant to a sale and purchase agreement dated 27 May 2012 ("SPA"), Asia 
Wealth had acquired 45,000 shares in Ray Alliance, through the issue of 322,000 
ordinary shares in the Company at a valuation of US$318,162. The 322,000 
ordinary shares have now been returned to the Company's treasury account. 
 
With this issue now out of the way Asia Wealth continues to seek investment 
opportunities in the Asia region and will be moving forward with due diligence 
on potential acquisitions. 
 
Total Voting Rights 
 
In accordance with the Financial Conduct Authority's Disclosure and 
Transparency Rules, Asia Wealth hereby announces that it 
has 11,111,433 ordinary shares of no par value ("Ordinary Shares") in 
issue, each share carrying the right to one vote, and 322,000 Ordinary Shares 
held in treasury. There are a total of 11,433,433 Ordinary Shares in issue. 
 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
 
Contacts: 
 
 
Richard Cayne (Executive Chairman) 
Asia Wealth Group Holdings Limited, [phone] 
www.asiawealthgroup.com 
 
Guy Miller (Corporate Advisers) 
Peterhouse Capital Limited, [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 12, 2018 06:56 ET (11:56 GMT)