3rd May 2017 11:54
3 May 2017
All Asia Asset Capital Limited
("All Asia Asset Capital", "AAA" or the "Company")
Receipt of cash consideration
Further to the Company's announcements of 6 March 2017, 24 March 2017 and 18 April 2017, the Board of AAA (AIM: AAA) is pleased to announce the receipt by AAA of the cash consideration equivalent to Thai Baht 34,889,000 in respect of the disposal by the Company of AAA's entire interest in 100% of the issued share capital of Energy Central Limited (the "Disposal"). The Disposal will be completed shortly.
Details of the Disposal are contained in the circular published by the Company on 6 March 2017 which is available on the Company's website (www.aaacap.com) and the Company's announcement of 6 March 2017.
Following completion of the Disposal the Company will have one remaining investment, this being the Company's 7% interest in Myanmar Allure Group Co., Ltd which owns and operates the Allure Resort, a combined hotel, resort and gaming facility located in Tachileik province, Myanmar, in the vicinity of the Thailand-Myanmar Mae Sai border.
For further information:
All Asia Asset Capital Limited |
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Robert Berkeley, Executive Chairman and Finance Director |
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Tel: +44 (0) 207 621 8910 |
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Tel: +852 3756 0124 |
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www.aaacap.com |
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Allenby Capital Limited (Nomad & Broker) |
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Nick Athanas / Nick Naylor / Alex Brearley |
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Tel: +44 (0) 203 328 5656 |
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www.allenbycapital.com |
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About AAA
AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia-Pacific region. The Company invests in a portfolio of companies with at least a majority of operations (or early-stage companies that intend to have at least a majority of their operations) in the Asia-Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property, and/or technology. AAA is publicly quoted and its shares are traded on the AIM market, which is operated by the London Stock Exchange.
Related Shares:
AAA.L