20 Oct 2008 07:00
20 October 2008 WALCOM GROUP LIMITED ("Walcom" or "the Company") Further re: Acquisition of Beijing New World Bio-technology Company Limited ("BNWB")
Further to the announcement of 30 June 2008, detailing the acquisition of the entire issued share capital of BNWB, Walcom announces that the outstanding conditions have now been satisfied. Accordingly, the 3,923,497 ordinary shares to be issued in consideration for the acquisition have now been allotted and application has been made for the new ordinary shares to be admitted to trading on AIM. Trading in the new ordinary shares is expected to commence on 23 October 2008. Following admission of the new shares, the Company will have 68,834,388 ordinary shares admitted to trading on AIM.
Enquiries:
Walcom Francis Chi (Chief Executive Officer) Tel: +852 2494 0133 Albert Wong (Chief Financial Officer)
John East & Partners Limited Jeffrey Coburn / Bidhi Bhoma Tel: +44 20 7628 2200About Walcom:
Walcom is a Hong Kong based manufacturer and distributor of `clean' animal feed additives. Walcom's products are based on Cysteamine, a natural metabolite generated in animals' bodies which participates in animals' physiological `growth axis' to stimulate the animals' natural growth hormone level. The Company's feed additives improve the health of the animals, reduce mortality rates, shorten the time taken to reduce maturity, increase the protein content in animal food products, increase egg laying and reduce eggshell breakage and build resistance to disease. Walcom's feed additives are `non hormonal', `non antibiotic' and `non gene-altering'.
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