First Day of Dealings
07 Novembre 2007 - 9:00AM
UK Regulatory
RNS Number:1759H
Asia Distribution Solutions Limited
07 November 2007
THIS INFORMATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH AFRICA
Asia Distribution Solutions Limited ("ADSL" or "the Company")
FIRST DAY OF DEALINGS ON AIM
Asia Distribution Solutions Limited and its subsidiaries ("ADSL Group" or "the
Group") provide distribution and manufacturing services for foreign and People's
Republic of China ("PRC") companies to import and sell their branded beverage
and food products in the PRC. The Group also provides procurement and logistic
solutions to supermarkets, hotels and clubhouses, selected high-street
restaurants and bars, cafes and bakeries, together with beverage wholesalers and
retailers, generally referred to in the trade industry as on-premise, or HORECA,
(being hotel, restaurant, and cafe) accounts.
ADSL has been established by a group of Chinese and European executives, with
broad experience in the distribution, sales and marketing of food and beverages
as well as in managing multinational companies. The Board intend to leverage
their skills and experience to expand ADSL Group into one of the leading players
in the food and beverage industry in the PRC in the long run through organic
growth complemented by selective acquisitions.
Evolution Securities Limited is Nominated Adviser and Evolution Securities China
Limited is Financial Advisor and Broker to the Company. The market EPIC is ADSL.
Commenting on the commencement of trading, Steve Wong, Chief Executive
Officer, said:
"I am delighted that Asia Distribution Solutions Limited has commenced trading
on AIM today. The float will enable the Company to increase its development
efforts and widen its sales capabilities."
"AIM enjoys an excellent reputation worldwide and the Group is delighted to
announce the listing. We look to the future with confidence and enthusiasm."
-ends-
Date: 7 November 2007
For further information please contact:
Asia Distribution Solutions
Michael Kingshott, Non Executive Chairman 020 7583 8833
Paul Chow, Chief Financial Officer +852 2528 3323
Evolution Securities China
Barry Saint 020 7220 4878
Armen Ho 020 7220 4875
Evolution Securities Limited
Jeremy Ellis 020 7071 4308
cityPROFILE
Jonathan Gillen 020 7448 3244
William Attwell 020 7448 3240
This information is provided by RNS
The company news service from the London Stock Exchange
END
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