16 Jun 2008 08:00
Origo Sino-India plc ("the Company")
Director change and management appointments
Origo Sino-India PLC ('Origo' or 'the Company') (AIM: OSI), the investment and strategic advisory company focused on the private equity markets of China and India, announces that Vinay Ganga has resigned as a director of the Company, as a result of an alleged breach by him of his contract of employment, with immediate effect.
Mr Ganga has also resigned from his role as a director of Origo Advisers Limited ("OAL"), which provides consultancy services to Origo Resource Partners Limited ("ORP"), and has relinquished his shareholding in OAL.
Origo is pleased to report that it has been strengthening its management team in recent weeks with a number of appointments of high calibre, senior individuals to the team. Origo has been intent on putting in place a broader team of people available to work with its and ORP's portfolio companies, and will continue to seek to add to its team as it expands the asset base.
ENDS
Further information:
Origo Sino-India PLC +86 1390 124 6417
Chris Rynning
chris@origoplc.com
Nominated Adviser: +44 (0)20 7131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov
Public Relations: +44 (0)20 7321 0000
Aura Financial
Michael Oke/Andy Mills
Notes to editors:
Origo Sino-India PLC ('Origo'):
* Origo is an established private equity investor and strategic consultancy business, which provides its shareholders with exposure to growth opportunities and private equity returns in China and India.
* Origo's business model is to generate capital gains from private equity investment in growth companies from which it also generates fees for consultancy services related to further fundraisings, M&A and strategic development.
* Origo is aligned with two major institutions which provide a source of high quality deal flow. In China, Origo works closely with China Equity, a leading private equity firm, whose chief executive is a member of Origo's board. In India, Origo has entered into a memorandum of understanding with SBI Capital Markets, one of the longest established companies in the Indian Capital Markets. A former chairman of the State Bank of India is also a member of the board of Origo.
* Origo has a significant portfolio of investments in a range of industrial sectors, including mobile applications and content; natural resources; art and paper products; furniture; food and beverage; online gaming; anti-virus software; and bio energy.