17th Jun 2008 08:14
Origo Sino-India plc ("the Company")
Holding in company
The Company has been informed that Silk & Spice Route Limited, a company beneficially owned by Vinay Ganga, has transferred its holding of 6,690,000 ordinary shares, representing 6.86% of the total voting rights attached to the ordinary share capital of the Company, to Todlaw Corporate Services Limited. These shares are to be held principally for the benefit of those nominated by the Company's nominated adviser and broker, which may include future and present employees. Vinay Ganga may become entitled to certain of these shares and/or to certain proceeds of sale should any such shares be sold.
ENDS
Further information:
Origo Sino-India PLC +86 1390 124 6417
Chris Rynning
Nominated Adviser: +44 (0)20 7131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov
Public Relations: +44 (0)20 7321 0000
Aura Financial
Michael Oke/Andy Mills
Notes to editors:
Origo Sino-India PLC ('Origo'):
* Origo is an established private equity investor and strategic consultancy business, which provides its shareholders with exposure to growth opportunities and private equity returns in China and India.
* Origo's business model is to generate capital gains from private equity investment in growth companies from which it also generates fees for consultancy services related to further fundraisings, M&A and strategic development.
* Origo is aligned with two major institutions which provide a source of high quality deal flow. In China, Origo works closely with China Equity, a leading private equity firm, whose chief executive is a member of Origo's board. In India, Origo has entered into a memorandum of understanding with SBI Capital Markets, one of the longest established companies in the Indian Capital Markets. A former chairman of the State Bank of India is also a member of the board of Origo.
* Origo has a significant portfolio of investments in a range of industrial sectors, including mobile applications and content; natural resources; art and paper products; furniture; food and beverage; online gaming; anti-virus software; and bio energy.
Related Shares:
OPP.L