29th Sep 2015 12:55
LONDON (Alliance News) - Grand Group Investment PLC Tuesday reported a rise in net asset value per share in its maiden results since it was admitted to AIM in January.
Grand Group provides expansion capital and services to China based small and medium enterprises.
Grand Group raised GBP7.1 million in its listing, which it put towards making its second investment a 15% stake in online learning products provider Jinxuntong for CNY20 million.
The company said its net asset value per share as at end-June was CNY18.54, up from CNY16.04 at the end of 2014.
"After paying IPO expenses and making our first investment, we still have over CNY48 million for further investments and are actively pursuing new opportunities," said Non-Executive Chairman James Newman in a statement.
Shares in Grand Group were untraded Friday morning. It last closed at 102.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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