ARGP Alpha Returns

 
TIDMARGP 
 
   Alpha Returns Group PLC 
 
   ("Alpha Returns" or the "Company") 
 
   31 August 2016 
 
   Investment in New Trend Lifestyle Group PLC ("NTLG") 
 
   Alpha Returns, the AIM traded investing company focusing on investments 
in high-growth Asian economies, is pleased to announce that its wholly 
owned subsidiary ARGP Investments Limited ("ARGPI") has made an 
investment of GBP100,000 in NTLG for 8,333,333 ordinary shares of NTLG 
at a price of 1.2p per share, representing 6.67% of its enlarged issued 
ordinary share capital. 
 
   NTLG was founded in 2005 and is a Singapore based Feng Shui products and 
services provider admitted to trading on AIM. Its services include 
building and office design consultancy, astrology readings, marriage 
matching, aura readings and business talks and seminars for large 
corporations. During its year ended 31 December 2015  NTLG made a loss 
from continuing operations of S$1.08 million (approx. GBP0.51m) on total 
revenue of S$7.85 million (approx. GBP3.74m) and had net assets at that 
date of S$1.99 million (approx. GBP0.94m). 
 
   The GBP100,000 investment by ARGPI is part of a placing of GBP300,000 
completed by NTLG to fund their acquisition search and due diligence 
requirements as part of their strategy to grow their existing business 
by suitable complementary acquisitions in the Asia region, itself part 
of a growth plan to restore NTLG to profitability. ARGPI has undertaken 
not to dispose of its investment, which has been made subject only to 
Admission, for a 12 month period from issue without the consent of NTLG 
and its broker. 
 
   -ends- 
 
   For further information: 
 
 
 
 
                                Christopher Neo 
Alpha Returns Group plc          Executive Director              020 3286 6388 
ZAI Corporate Finance Ltd       Peter Trevelyan-Clark / Tim 
 (NOMAD)                         Cofman                          020 7060 2220 
Peterhouse Corporate Finance 
 (Broker)                       Duncan Vasey / Lucy Williams     020 7220 9797 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Alpha Returns Group plc via Globenewswire 
 
 
  http://www.alpharet.com 
 

(END) Dow Jones Newswires

August 31, 2016 04:00 ET (08:00 GMT)

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