Further Investment
2006年4月25日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
RNS Number:9030B
Europasia Education PLC
25 April 2006
25 April 2006
EUROPASIA EDUCATION INCREASES STAKE IN
CHINESE EDUCATIONAL MANAGEMENT GROUP
EuropAsia Education plc ("EPE"), the AIM-listed education investment group, has
increased its investment in Chinese educational facilities management group,
Dalian Business Institute ("DBI").
It has invested a further #400,000, increasing its stake from 8 to 12 per cent.
The total cost of it's investment to date in DBI is #1.1m.
London Asia Corporate Finance Ltd, a company in which Mr Simon Littlewood is a
director, has been appointed by DBI as corporate adviser for a planned #1.5
million fund raising and listing on Ofex, expected this summer.
DBI has a 25 year contract for the management of Dalian Business Institute in
Liaoning Province, China ("DBIC"). Founded in 1997, DBIC is a nationally
accredited college focusing on business and arts subjects, with over 5,000
students.
DBI operates a very similar business, but in a different part of China, to Ofex
listed China Education Group ("CEG"), in which EPE is also an investor. The
value of EPE's investment has gone up considerably since it invested last year,
on the back of continued strong growth in profits by CEG, with the stake now
worth #3.8 million at current market prices.
EPE Chairman, James Holmes, said: "Our additional investment, plus the proposed
funds to be raised as part of the Ofex listing, will enable DBI to continue to
invest in its facilities to power future growth".
-ends-
For further information:
James Holmes, Chairman
EuropAsia Education 020 7355 7928
Paul Quade 020 7248 8010
CityRoad Communications 07947 186694
About Dalian Business Institute China
Dalian Business Institute China (DBIC), located in the hub of Dalian city in
Liaoning Province, is a nationally accredited comprehensive three-year college,
focusing on business and arts subjects. The college diplomas awarded by DBI are
recognised by China's Ministry of Education (MOE).
The three-year diploma, degree and distance learning courses cover Business
Management, International Trade, International Accounting & Finance, Information
Technology, International Tourism, Foreign Languages, Business Laws and Arts.
About China Education Group
CEG is an Ofex listed facilities management company which manages Shandong
International Institute of Translation ("SIIT"), a profitable private college
based in Shandong Province, China. SIIT currently has 11,000 students, based in
two campuses. CEG recently announced increased pro forma profits for the half
year to 31 December 2005 up 47 per cent. For additional information, visit the
Company's web site at www.chinaeducationgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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