In the capital city of Inner Mongolia Hohhot holding a related aim (alternative investment market, the London Stock Exchange's second board market--the translator's note) attractive seminar, how much will something of a surprise.
However, early last week, 11 companies met in Hohhot, listen to the rich company (the China food company) Chairman John McLean (John McLean) on the detailed interpretation of the second board listing requirements in London. McLean is the Albany capital private equity company President, the company promotes new investments in northern China. McLean was invited by the Mayor of Hohhot holding the seminar in order to attract investments is responsible as Mayor of Hohhot.
Then over the weekend, came to London 17 companies in Shandong province, China, and China United Kingdom Business Association (China-United Kingdom Business Council, McLean is a Member Association) meeting. A memorandum of understanding was signed by both sides and a delegation of British Business Council in September to visit Shandong (Fu Shi province) to improve business contacts with the province.
Earlier this year, which specialises in the production of fingerprint and facial recognition System macros PA plants (RCG) decided to abandon that, at a time when Hong Kong s.a.r.-listed, this column has been declared: purpose and chance were made in China. These signals, concluded at that time was some hasty. Maybe passed to relations with China just a difficult period.
For such difficult, rich's companies know very clearly. in 2007, Rich through a reverse takeover aim-listed, to 0.5 pounds per share issue price increase for 4 million pounds of capital. The company's principal activity is the manufacture of animal feed and the sale of the past, this company at the end of 2008, McLean said "financial tsunami" of combat. In 2009 the company's PROFIT before tax of ￡ 2.8 million, 30,1 million pounds turnover and profit before tax of 7.5 million pounds sterling of 2008 turnover 38.2 million pounds.
The company has, however, kept its hopes for the future of soy sauce-rich activities last year activities promote corporate profits increased to 3.8 million pounds turnover increased to 35.9 million pounds. Richs company has investing 43 million pounds, has set up a new factory. New factory was opened in May of this year, the FUS'S capacity has doubled, reaching 50 000 tonnes, and it is able to continue to improve productivity. Animal feed has now become more affluent non-k?rnverksamheten. Brokerage institutions FinnCapp prediction of rich's company, rich's before tax this year would reach 5.5 million pounds turnover will reach 49.5 million pounds.
Others want to log into aim companies in China, what can be learned from rich? Experience in one of the most obvious is: be patient. Fourier aim login 4 years ago, and do not include convertible bonds of ￡ 0.53 per share in the year to raise new money. Although the company promises there will be a bonus this year, today's share price is still lower than that level.
Despite this, began to finally get the FUS'S favoured holding the financial institutions in London. Richs corporate structure, of course, some Chinese companies more attractive than others. Only holders of 20% shares, founder, is the largest shareholder in Korea listed Hermes holdings, holds 21% shares, it is originally a reverse takeover behind the Albany capital, share ratio is 14%. Other shareholders are standard life (Standard Life), Henderson (Henderson) and Amati.
McLane stressed the importance of corporate governance and transparency. To prove the management to fulfil commitments, take two years and even longer. As President of the Albany, McLean proposal of Inner Mongolia Enterprise: If you do not have more than 30 million pounds of assets, 3 years of audited financial information and very attractive growth prospects, does not take into account the specified target. For the valuation of companies should not be too optimistic, you should raise a small amount of money and then working to strengthen communication and enhance credibility.
Richs corporate office is located in Singapore, the meeting of the Board in English. The Executive Director of the company is Singapore people, tuomasi ·Keli non-Executive Director of the new participants had to play for Nestlé (Nestl é), some experience in sales and marketing in the Asian region as a whole. As this column last month wrote to China of wonder (now renamed "qihang equipment"--the translator's note), rich's company also appears to be a microcosmic example of globalization.
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