28th Aug 2009 09:55
For immediate release 28 August 2009
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Proposed Hong Kong listing
Asian Citrus, the largest orange plantation owner and the single largest orange producer in China, announces that an application for a new listing of the shares of the Company on the main board of The Stock Exchange of Hong Kong Limited ("HKEx") has been made today, 28 August 2009. This new listing will be in addition to the Company's existing quotes on the AIM and PLUS markets in London.
The Company's board of directors is satisfied that the listing is in the best interests of the shareholders. The listing of the Company's shares on the main board of HKEx is subject to, amongst other things, the approval of the listing sub-committee of the board of directors of the HKEx, and, subject to this approval, it is expected that the listing on the HKEx may occur in late 2009. There will be further announcements to the market as and when appropriate.
About Asian Citrus Holdings Limited
Asian Citrus Holdings Limited is the largest orange plantation owner and the single largest orange producer in China and has two operational plantations in the Hepu county of the Guangxi Zhuang Autonomous Region and the Xinfeng county of the Jiangxi province of China. Its primary goal is to sell quality oranges at an affordable price and in so doing, strengthen its position as a leading, mechanised and industrialised orange grower and distributor in China.
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For Further Information Contact: |
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Terry Garrett/John Moriarty/Stephanie Badjonat |
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Weber Shandwick Financial |
0207 067 0700 |
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Michael Wentworth-Stanley/James Mitford/Gina Gibson |
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JPMorgan Cazenove |
0207 588 2828 |
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ACHL.L