Yangtze China Investment Limited (YCI.L)

Yangtze China Investment Limited (YCI.L)

Yangtze China Investment Limited (YCI.L) - joins AIM

Yangtze China Investment Limited, a provider of expansion capital to China-based enterprises, today announces the commencement of dealings in its Ordinary Shares on AIM. Collins Stewart Europe Limited is acting as Nominated Adviser and Broker to the Company.

Reasons for the Subscription and Admission
The Company has raised US$25.38 million, (US$22.29 million net of expenses) to make minority equity and equity related investments in small and medium-sized growth businesses within, or associated with, the consumer sector in China.

The Directors and Yangtze Capital Advisory Limited believe that the Chinese economy offers an attractive environment for private equity investing. Sustained economic growth, government reforms and an expanding middle class with rising disposable incomes are among factors which the Directors and the Investment Adviser believe have led to the emergence of opportunities to invest in fast growing companies in China, particularly within, or associated with, the consumer sector.

Upon admission to AIM, Yangtze has today acquired, for a consideration of approximately US$9.39 million, a portfolio of investments comprising three companies: IGO, an exclusive supplier of goods to a home shopping business that broadcasts on local television channels in China; Creative Picture, a technology company focused on developing a glasses-free 3-D visualisation product, 3-D flat-screen displays and 3-D software content production; and Onbest, a company that is seeking to develop technology to meet the testing standards of the Chinese Government for implementing a tax-recording system. Yangtze also has a pipeline of investment opportunities, with non-binding MOUs in place over a total investable amount of approximately US$45 million.

Wilfred Wong, Chairman, said:
"We are pleased that the flotation has been completed successfully and are delighted with the support we have received from our new shareholders. The Subscription will enable us to proceed with several exciting investment opportunities that we are already evaluating."Â

For further information go to www.yangtzecn.com

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