|
Nominated Adviser and Broker Retained 20.05.08
Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
20 May 2008
Geo Genesis Group Limited (`Geo Genesis' or the `Company')
Nominated Adviser and Broker retained for China Partners Private Equity Ltd
Geo Genesis, an emerging markets advisory and investment company, announces
that its wholly-owned subsidiary China Partners Private Equity Ltd. ("CPPE"),
an investment company incorporated in Bermuda, has engaged the services of a
Nominated Adviser and Broker to assist in the proposed placing of up to US$100
million and admission of CPPE's enlarged share capital to trading on the AIM
market of the London Stock Exchange plc.
CPPE was set up to focus on pre-IPO investment opportunities in growth
companies based in China that qualify for international listings as well as
those that choose to qualify for domestic listings on the Shanghai and Shenzhen
Stock Exchanges.
The investments of CPPE will be managed by Geo Genesis's wholly owned
management company, China Partners Capital Management Ltd., pursuant to a
management agreement structured on a 2 per cent. asset management fee and a 20
per cent. profit sharing basis.
Roger Bendelac, Chief Executive Officer of Geo Genesis said, "We are delighted
to advance the development of the first of our three investment companies.
CPPE's unique structure and Chinese institutional support will enable us to
consider many growth opportunities, including companies that will increasingly
seek a domestic public market quotation in China."
The Directors of Geo Genesis accept responsibility for this announcement.
* * ENDS * *
For further information visit www.geogenesisgroup.com or contact:
Roger Bendelac, CEO Geo Genesis Group Limited Tel: +1 (917) 969 5475
John Bridges Orange Corporate Finance Tel: 020 3301 3356
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Chris Welsh St Brides Media & Finance Tel: 020 7263 1177
Notes to Editors
Geo Genesis Group Limited, a Marshall Islands registered company which listed
on PLUS in April 2008, operates as an investment vehicle and/or strategic
adviser to companies based and/or operating in emerging markets, primarily
focused in China, seeking to raise capital in the EU, Hong Kong and the United
States. Its key objectives are to generate revenue and/or acquire equity
positions in investee companies, advisory clients or assets in emerging
markets. The Company is also establishing various sector specific private
equity closed-end investment companies to invest in investee companies
directly.
END
|