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Investment in Company

7 Mar 2007 11:20

Origo Sino-India PLC07 March 2007 ORIGO INVESTMENT IN CHINESE ONLINE GAMES COMPANY PROVIDES INSTANT CAPITAL APPRECIATION Origo Sino-India PLC ("Origo")(LSE:OSI), the investment and strategic advisorycompany focused on the private equity markets of China and India, recentlyannounced a US$1.5 million investment in Possibility Space Incorporated ("PSI"),an unlisted China based online game company. At the time of the investment, PSIhad a pre-money valuation of US$10 million. Origo is now pleased to announcethat CDC Games Corporation ("CDC"), the NASDAQ listed global provider ofEnterprise Software Solutions to medium and large enterprises, has signed a termsheet to acquire up to 17.24% of the issued share capital in PSI at a pre-moneyvaluation of US$12 million. Commenting, Chris Rynning, Origo's CEO said: "We are delighted that such a significant on-line games market participant asCDC should have decided to co-invest with Origo. As well as this being a veryreal endorsement of our investment decision, the new valuation of PSI is a 20%increase over the price we paid just 4 weeks ago." END For further information please call: Christopher Joll/Tim McCall, MJ2 020 7491 7776 Notes to Editors 1. Origo Sino-India plc ("Origo"): •Origo is an established and profitable 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 work closely with China Equity, a leading private equity firm, whose chief executive is on Origo's board. In India, Origo has entered into a memorandum of understanding with SBI Capital Markets, one of longest established companies in the Indian Capital Markets. A former chairman of SBI is on the board of Origo. • Origo has signed agreements with 4 Chinese companies and 7 Indian companies to provide both financing and advisory services and more than 20 potential investments in the pipeline. • At the AIM Placing in December 2006 Origo raised £12.8 million gross of new money via a placing of 25,673,238 Ordinary Shares at 50 pence per share. Each Ordinary Share carries a Warrant exercisable at 55p. Seymour Pierce Ltd is the nominated adviser and broker. 2. Possibility Space Incorporated • Possibility Space Incorporated ("PSI") is a British Virgin Island registered entity. PSI controls a Wholly Foreign Owned Enterprise ("WOFE") in China in order to hire and retain top Chinese development and design talent. • PSI's founders are game industry veterans Gage Galinger and Feng Zhu. Gage successfully built the games departments of GameHub and Enorbus (two venture backed China based game studios), with previous game development experience from various US studios including Ensemble Studios (Microsoft), EA and Blizzard. Feng has previously held positions as Creative Art Director and Designer with both game developers and feature film developers including Lucas film, Lightstorm Entertainment, NC Soft, Liquid Entertainment and EA. • PSI, which currently employs 28 game developers in Beijing, will complete its first game, "Warrior Epic", by Q3 2007. PSI has a pipeline of prospective clients in Korea, India, Philippines and China. • Gage and Feng have worked on world industry leading games titles such as "Starcraft; Battle Realms; Age of Mythology (Microsoft); Command and Conquer III (EA); Full Auto II (SEGA); The Sims universe related projects (EA); Guild Wars (NCsoft); Gears of War (Epic Games); XBOX development (Microsoft) "; and design for feature films such as "Transformers; the Movie (Michael Bay); Star Wars, Episode III, Revenge of the Sith (George Lucas/Steven Spielberg); and Teenage Mutant Ninja Turtles, the Movie (Imagi / Warner Brothers)". • The PSI platform allows users to start playing in the PSI game world for free within minutes of deciding to download a game. PSI games will be instantly and easily playable with a wide character cast and delivering top quality 3D graphics and animation on low spec systems. • Warrior Epic is an action adventure game mixing Sims style elements with short battle missions, with a playing cycle from 15 to 30 minutes. Designed to be free and simple to play, the game is accessible to new players who traditionally would not have the patience for a regular MMRPG. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
30th May 20227:00 amRNSCancellation - Origo Partners Plc
27th May 20226:00 pmRNSOrigo Partners
28th Apr 20227:30 amRNSSuspension – Origo Partners plc
26th Apr 20227:00 amRNSSuspension from Trading
7th Mar 20227:00 amRNSAsset Sale Update
2nd Feb 20227:00 amRNSReturn of Capital and Asset Sale
27th Jan 20223:16 pmRNSAsset Sale
24th Dec 202110:46 amRNSResult of AGM
6th Dec 20213:34 pmRNSNotice of AGM
3rd Dec 20217:00 amRNSInvestment Update
22nd Sep 20217:00 amRNSHalf-year Report
28th Jun 20217:00 amRNSAnnual Financial Report
4th Jun 20217:00 amRNSSale of Shares in Gobi Coal & Energy Ltd
14th May 202111:18 amRNSHolding(s) in Company
9th Mar 202112:20 pmRNSHolding(s) in Company
8th Mar 20217:00 amRNSStatement re share price movement
24th Feb 20214:27 pmRNSHolding(s) in Company
23rd Feb 20219:53 amRNSHolding(s) in Company
27th Jan 20218:38 amRNSUpdate re Website
22nd Jan 202110:03 amRNSUpdate re Remaining Assets
24th Dec 202011:20 amRNSResult of AGM
24th Dec 202010:14 amRNSHolding(s) in Company
24th Dec 20209:51 amRNSHolding(s) in Company
17th Dec 202012:38 pmRNSHolding(s) in Company
30th Nov 20204:30 pmRNSNotice of AGM
28th Sep 20207:00 amRNSHalf-year Report
23rd Sep 20207:09 amRNSPrice Monitoring Extension
23rd Sep 20207:02 amRNSSecond Price Monitoring Extn
22nd Sep 20202:06 pmRNSSecond Price Monitoring Extn
22nd Sep 20202:01 pmRNSPrice Monitoring Extension
30th Jun 20207:00 amRNSAnnual Financial Report
12th Jun 20207:00 amRNSInvestment update
20th May 202011:00 amRNSHolding(s) in Company
7th May 20207:00 amRNSUpdate RE: Liquidation Plans
29th Apr 20202:06 pmRNSSecond Price Monitoring Extn
29th Apr 20202:02 pmRNSPrice Monitoring Extension
17th Mar 202012:12 pmRNSChange of Registered Office & Update on Website
12th Mar 20203:32 pmRNSWebsite
4th Feb 20207:00 amRNSInvestment Update
24th Dec 20197:00 amRNSInvestors update
11th Nov 201911:33 amRNSHolding(s) in Company
30th Oct 20194:16 pmRNSResult of AGM
23rd Oct 201910:41 amRNSHolding(s) in Company
23rd Oct 201910:39 amRNSHolding(s) in Company
4th Oct 20194:23 pmRNSNotice of AGM
27th Sep 20194:25 pmRNSReplacement Capital Distribution
27th Sep 201911:05 amRNSReplacement Interim Unaudited Financial Statements
27th Sep 20197:05 amRNSCapital Distribution
27th Sep 20197:00 amRNSInterim Unaudited Financial Statements
28th Jun 20194:15 pmRNSPosting of Annual Report

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