Funtalk EGM re Going Private (1446L)
27 Luglio 2011 - 8:01AM
UK Regulatory
TIDMARCH
RNS Number : 1446L
ARC Capital Holdings Limited
27 July 2011
ARC Capital Holdings Limited
27 July 2011
ARC Capital Holdings Limited
Funtalk China Holdings Limited Announces
Extraordinary General Meeting of Shareholders
ARC Capital Holdings Limited ("ARCH" or the "Company") (AIM:
ARCH) is pleased to announce that on 25 July 2011, Funtalk China
Holdings Limited ("Funtalk") released an announcement stating that
it has called an extraordinary general meeting of shareholders (the
"EGM"), to be held at 9:00am (Beijing time) on Monday, 22 August
2011, to consider and vote on the proposal to adopt the previously
announced agreement and plan of merger, dated as of 31 May 2011. If
completed, the proposed merger would result in Funtalk becoming a
privately held company and its ordinary shares would no longer be
listed on the NASDAQ Global Market.
Headquartered in Beijing, Funtalk is a leading China-based
retailer and wholesale distributor of wireless communications
devices, accessories and content. ARCH originally invested US$90
million in November 2007 into Pypo China Holdings Limited ("Pypo").
Through a series of acquisitions of retail chains, ARCH actively
participated in transforming Pypo into a leading retailer in China
and rebranded the business as Funtalk upon its listing on the
NASDAQ Global Markets in December 2009.
For more information, please contact:
MANAGER: LEGAL COUNSEL:
Allan Liu, Managing Partner Jon Lewis, General Counsel
c/o ARC Capital Partners PAG
Limited 15/F, AIA Central
32/F, AIA Central 1 Connaught Road
1 Connaught Road Central, Hong Kong
Central, Hong Kong T: (852) 2918 0088
T: (852) 2918 0088 F: (852) 2918 0881
F: (852) 2918 0881 jlewis@pagasia.com
aliu@pagasia.com
----------------------------- ----------------------------
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Grant Thornton Corporate
Securities Finance
T: (44) 20 7845 5960 T: (44) 20 7383 5100
F: (44) 20 7845 5961 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
Numis Securities Limited
David Benda / Hugh Jonathan
T: (44) 20 7260 1000
F: (44) 20 7260 1001
d.benda@numiscorp.com
----------------------------- ----------------------------
INVESTOR RELATIONS: MEDIA RELATIONS:
Chong Min Yi Stephanie Barry
PAG PAG
T: (852) 3719 3319 T: (852) 3719 3375
cyi@pagasia.com sbarry@pagasia.com
----------------------------- ----------------------------
About ARC Capital Holdings Limited
ARC Capital Holdings Limited ("ARCH") (AIM: ARCH) is a
closed-end investment company with net assets of US$541.3 million
as at 30 June 2011. ARCH was admitted to trading on the AIM Market
of the London Stock Exchange in June 2006. ARCH makes and holds
investments in the retail, consumer goods and consumer services
sectors, principally in China but also in neighbouring Asian
countries. Target investments include regional hypermarkets and
supermarkets, dominant consumer brands, specialty retail chains,
retail property assets and retail and consumer service
providers.
For more information about ARC Capital Holdings Limited, please
visit: www.arch-fund.com
ARC Capital Holdings Limited is a member of PAG (formerly known
as Pacific Alliance Group), the Asian alternative investment fund
management group. Founded in 2002, PAG is now one of the region's
largest Asia-focussed alternative investment managers, with funds
under management across Private Equity, Real Estate and Hedge Funds
and Special Situations.
PAG has over 260 staff across offices in Hong Kong, Tokyo,
Beijing, Hangzhou, Shanghai, and Tianjin, as well as a presence in
Delhi and Seoul.
For more information about PAG, please visit:
www.pagasia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUQWMUPGUCM
Grafico Azioni Arc Capital (LSE:ARCH)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Arc Capital (LSE:ARCH)
Storico
Da Lug 2023 a Lug 2024
