Completion of Funtalk Going Private Transaction (1496N)
26 Agosto 2011 - 5:20PM
UK Regulatory
TIDMARCH
RNS Number : 1496N
ARC Capital Holdings Limited
26 August 2011
ARC Capital Holdings Limited
26 August 2011
ARC Capital Holdings Limited
Completion of Funtalk China Holdings Limited
Going Private Transaction
ARC Capital Holdings Limited ("ARCH" or the "Company") (AIM:
ARCH) is pleased to announce that on 25 August 2011, Funtalk China
Holdings Limited ("Funtalk") announced that it had completed a
'going-private' transaction. This transaction was detailed in the
previously announced definitive agreement, dated 31 May 2011. As a
result, Funtalk will shortly become a privately held company and
its ordinary shares will no longer be listed on the NASDAQ Global
Market. ARCH remains a substantial shareholder of Funtalk and has
not acquired or disposed of any of its interest in Funtalk as part
of the going private transaction.
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 in September 2008 executed a merger with a US SEC registered
special purpose acquisition company ("SPAC") quoted on the OTC:BB.
Following the SPAC merger, the business was rebranded 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
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About ARC Capital Holdings Limited
ARC Capital Holdings Limited ("ARCH") (AIM: ARCH) is a
closed-end investment company with net assets of US$547.4 million
as at 31 July 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 Absolute
Return strategies.
PAG has a presence across Asia with over 260 staff working in
the region.
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
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