30 Jul 2014 09:50

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Press Release 30 July 2014
All Asia Asset Capital Limited
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("All Asia Asset Capital", "AAA" or the "Company")
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Update on Further Investment in APU
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Further to the announcement on 8 July 2014 detailing the entering into of a share purchase agreement by AAA to purchase a further 4.5 per cent. stake in APU, a Myanmar and Thailand focussed power generation group, the Board of AAA announces that the signing of the Power Plant Agreement (the "Agreement") between APU and the Government of Myanmar has been subject to minor delays of a technical nature. The Board of AAA understands that the issues resulting in these delays have now been resolved and the Government of Myanmar has passed the Agreement to its economic department for final approval.
The Board of AAA remains confident that the Agreement will be signed shortly and confirms that application for Admission will be made to London Stock Exchange once the Agreement has been signed.
Completion of the Transaction is conditional only on signing of the Agreement and Admission.
Further announcements will be made by AAA.
Definitions in this announcement have the same meaning as those in the announcement of 8 July 2014.
-Ends-
For further information:
All Asia Asset Capital Limited | |
Robert Berkeley, Executive Chairman and Finance Director | |
Dr Sri Hartati Kurniawan, Chief Executive Officer | |
Tel: +44 (0) 207 621 8910 | |
Tel: +852 3756 0124 | |
www.aaacap.com | |
Allenby Capital Limited (Nominated Adviser & Broker) | |
Nick Naylor / Nick Athanas / Michael McNeilly | |
Tel: +44 (0) 203 328 5656 | |
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 the majority of their operations (or early stage companies that intend to have at least the 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.
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