12th Jan 2007 09:49
Origo Sino-India PLC12 January 2007 Origo Sino-India plc ORIGO EXERCISES OPTION TO INVEST IN RISING INVESTS US$ 7 MILLION IN CASH AND ORIGO SHARES Origo Sino-India plc ("Origo") (LSE:OSI), the investment and strategic advisorycompany focused on private equity markets in China and India, has exercised itsoption to invest in Rising Technology Corporation Limited ("Rising"). Rising isone of China's leading local antivirus and content security software providers. On 21 December 2006, Origo shares began trading on AIM after raising £12.8million. This is Origo's second investment since becoming an AIM quoted publiccompany. Under the option agreement between Origo and China Equity International HoldingLimited ("China Equity"), Origo will acquire part of China Equity's shareholdingin Rising. China Equity is a leading Chinese venture capital firm and a partnerof Origo. Origo will acquire the 2% stake for US$ 3 million in cash and theissue of 4,068,140 Origo ordinary shares valued at US$ 4 million. The partiesare expected to complete the transaction no later than Wednesday, January 17,2007. Application has been made for these shares to be admitted to trading onAIM and dealings are expected to commence on 18 January 2007. Rising provides a broad range of content and network security software andappliance solutions to individuals, enterprises and service providers. Thecompany is a leading provider of client, gateway and server security solutionsfor virus protection, firewall and intrusion detection technologies and securityservices to enterprises and service providers around China. Rising's audited netprofit for 2005 was 154,557,575 Renminbi and total assets were 185,776,245(exchange rate US$1/7.80 renminbi as of January 12, 2007). In the opinion of Origo, Rising is one of the most established and leadingproprietary technology companies in China and the pan-Asian region. Commenting on the agreement, Chris Rynning, Chief Executive Officer of Origo,said:"China and Asia's technology market is growing at an unparalleled pace. Withincreasing bandwidth and new terminals facilitating digital content everywhere,the need for network security is growing even faster than the technology curveitself. Rising is a leader in this field by every comparison." For further information, please call: Origo Chris Rynning, CEO Tel: +86 1390 124 6417 Buchanan Communications Tim Anderson/Rebecca Skye Tel: +44 (0)20 7466 5000|Dietrich Seymour Pierce Stuart Lane/John Depasquale Tel: +44 (0)20 7107 8000 NOTES TO EDITORS About OrigoOrigo pursues two principal lines of business: investment in growth companiesand the provision of consultancy services. The latter comprises fundraisingassistance, M&A consultancy, operational support and a full range of managementservices. Origo's business model is to develop a profitable stream ofconsultancy revenues together with capital gains from private equityinvestments. About RisingHeadquartered in Beijing, the Peoples Republic of China, Rising is distributingits products series through worldwide distribution partners. Rising productshave both personal editions and enterprise editions. Personal editions providecustomers with easy configuration user interface and one click upgrade.Enterprise editions are based on the latest advanced client-server technologiesand give IT manager's ease of mind by automatically searching the systemloopholes and automatically manage all the clients' machines in the network.Rising products are available in English, Chinese, Japanese and they aresupporting all current operating systems, including Windows 98, Windows 98 SE,Windows NT, Windows 2000 Professional, Windows XP, Windows 2000 Server andWindows 2003 Server. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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