All Asia Asset Capital Limited Statement re Andaman Power and Utility Company Ltd (1754M)

TIDMAAA

RNS Number : 1754M

All Asia Asset Capital Limited

05 May 2015

Press Release 5 May 2015

All Asia Asset Capital Limited

("All Asia Asset Capital", "AAA" or the "Company")

Statement re Andaman Power and Utility Company Limited

Further to the announcement released by All Asia Asset Capital Limited (AIM: AAA) on 7 April 2015, the Company notes the recent announcement released by CyberPlanet Interactive Public Company Limited, a company listed on the Stock Exchange of Thailand, that at its annual general meeting held on 30 April 2015, the shareholders of CyberPlanet passed a resolution to approve the acquisition of 100 per cent. of the issued capital of APU with the consideration being 340 million Baht in cash.

In addition to requiring the approval of shareholders of CyberPlanet, the proposed acquisition of APU will be subject to, inter alia, share and purchase agreements being entered into between CyberPlanet and the shareholders of APU (including AAA).

Further announcements will be made by AAA as appropriate.

Definitions in this announcement have the same meaning as those in the announcement of 7 April 2015.

-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 (Nomad & Broker) 
 Nick Naylor / Nick Athanas / Alex Brearley 
 Tel: +44 (0) 203 328 5656 
 www.allenbycapital.com

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 a majority of operations (or early-stage companies that intend to have at least a 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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