DGAP-News: AsiaPac Capital Services Enters Discussions with Qatar Based Company
(firmenpresse) - Asiapac Capital Services Inc. / Agreement
11.03.2010 14:33
Dissemination of a Corporate News, transmitted by
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Toronto, Canada - (For immediate release) - March 11, 2010
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), announced today that it has entered into discussions
with a Qatar based company to purchase a minority interest in AsiaPac. The
parties are considering the sale and purchase of a 15% interest in AsiaPac
with the deal tentatively priced at EUR6.00 per share.
As previously announced, AsiaPac has recently signed an LOI with Interline
Management Ltd. (China) - an investment company based in Shanghai, China to
sell a 40% stake in AsiaPac Capital Services. Final documents are being
drafted and the Parties hope to close the final share purchase agreementwithin the next few weeks. That deal is valued at over EUR20 million.
This new sale would see an additional 2 million shares issued, placing a
value of just over EUR12 million on the deal, and bringing the total number
of Company shares outstanding to just over 13.5 million shares.
Company President, Mr. Samuel Lee, noted; 'Our renewable energy and
resource projects are garnering a lot of interest from potential backers.
We are very optimistic that we will be in a position to start bringing
these projects online in a timely manner. As previously announced, we will
be prioritizing the various mining projects as well as our Jatropha biofuel
project. With the expected influx of new capital, we will have the funds
to put capital assets in place and begin project development on a more
aggressive basis.'
The Company will be releasing further information on these deals as more
details become available.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of AsiaPac Capital Services Ltd.'s plans, goals and expectations
regarding its future financial condition, performance, results, strategy
and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans',
'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will'
and variations of these words or similar expressions are intended to
identify forward-looking statements. In addition, any statements that refer
to expectations, beliefs, plans, projections, objections, performance or
other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Forward-looking
statements in this press release are not promises or guarantees of future
performance and are subject to risks and uncertainties that could cause
AsiaPac Capital Services Ltd.'s actual results to differ materially from
those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to
place undue reliance upon any such forward-looking statements. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed herein as well as the following:
(i) domestic and global economic and business conditions; (ii) market
related risks and the performance of financial markets generally; (iii) the
policies and actions of regulatory authorities; (iv) the impact of
competitive factors; (v) risks and uncertainties associated with future
acquisitions or combinations within relevant industries; and (vi) changes
in capital, solvency or accounting standards as well as tax and other
relevant legislation or regulations in the jurisdictions in which AsiaPac
Capital Services Ltd. operates. The actual results that AsiaPac Capital
Services Ltd. achieves may differ materially from any forward-looking
statements which are based on management's beliefs and opinions at the time
the statements are made. AsiaPac Capital Services Ltd. does not undertake
any obligation to update forward-looking statements should circumstances or
management's beliefs or opinions change.
For further information please contact:
AsiaPac Capital Services Ltd.
557A Eglinton Ave West,
Toronto, Canada M5N 1B5
Phone: 1-416-800-2080
Email: info(at)asiapaccapital.ca
11.03.2010 14:33 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 11.03.2010 - 08:33 Uhr
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