Date Posted: 2009-06-02 11:47 New Issue: SovGEM Limited The company currently specialises in providing investment finance to companies operating in emerging markets, especially in China.
The company announced on 6 May 2009 that it was intending to enter into a conditional sale and purchase agreement to acquire the entire issued share capital of Hanson Westhouse Holdings Limited, the holding company of Hanson Westhouse Limited, an integrated corporate finance and broking house. It is the intention of the new board to manage the existing SovGEM portfolio as an investment portfolio within the enlarged group.
Is the intention of the new board that, following admission, the enlarged group's principal place of business will be in the United Kingdom and the main business of the company will be the provision of corporate advisory and broking services to small and medium sized public and private companies.
Under Rule 14, this admission is sought as a result of a reverse take-over.
Listing exchange: AIM
Expected first day of trading: 2009-06-16
Expected money raised: £850k Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. | 