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16 Jun 2008 08:00
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OrigoΒ Sino-India plc ("the Company")
Director changeΒ and management appointments
Origo Sino-India PLC ('Origo' or 'the Company') (AIM: OSI), the investment andΒ strategic advisory company focused on the private equity markets of China andΒ India, announces thatΒ Vinay GangaΒ hasΒ resigned asΒ a director of the Company, as a result ofΒ anΒ allegedΒ breachΒ by himΒ ofΒ his contract of employment,Β with immediate effect.
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Mr Ganga has also resigned from his role as a directorΒ of Origo Advisers LimitedΒ ("OAL"),Β which provides consultancy services to Origo Resource Partners LimitedΒ ("ORP"),Β andΒ hasΒ 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 inΒ ChinaΒ andΒ 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. InΒ China, Origo works closely with China Equity, aΒ leading private equity firm, whose chief executive is a member of Origo'sΒ board. InΒ India, Origo has enteredΒ into a memorandum of understanding withΒ SBI Capital Markets, one of the longest established companies in the IndianΒ Capital Markets. A former chairman of the State Bank ofΒ IndiaΒ is also aΒ member of the board of Origo.
* Origo has a significant portfolio of investments in a range ofΒ industrial sectors, including mobile applications and content; naturalΒ resources; art and paper products; furniture; food and beverage; onlineΒ gaming; anti-virus software; and bio energy.
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