New product available
November 30 2005 - 3:43AM
RNS Non-Regulatory
ALL IPO PLC
30 November 2005
All IPO plc ("All IPO" or the "Company")
OFEX Offer for Subscription document available
The Company is pleased to announce that it has today made an OFEX Offer for
Subscription document for China Education Group Limited available on its
website, www.allipo.com.
All IPO registered members can log into their accounts and view further details,
download the company's offer document and apply and pay on-line through a fully
electronic process.
China Education Group Limited ("CEG")
CEG, registered in Jersey, is a facilities management company which, through its
100% owned Chinese operating business Europasia (Beijing) Educational Technology
Co. Ltd, has an exclusive 25 year contract to manage Shandong International
Institute of Translation, a profitable Chinese college.
CEG is seeking to list both its ordinary shares and Convertible Loan Notes on
OFEX. The Group is seeking to raise funds via the sale of 822,355 7% five year
Convertible Loan Notes at a price of GBP1 per Loan Note, convertible into
ordinary shares at a price of 32.25p per ordinary share, which values the
business at GBP17.0 million.
The offer for subscription is fully underwritten by London Asia Corporate
Finance Ltd, CEG's OFEX corporate adviser.
The offer closes at 12 noon on 14 December 2005, and admission to OFEX is
expected on 15 December 2005.
About All IPO
All IPO provides a fully electronic end to end solution to brokers and issuers
who wish to raise funds by approaching retail investors.
All IPO offers a fully automated platform for retail investors to take part in
IPOs. Retail investors, who have registered with All IPO, are also able to sign
up to receive email news alerts of upcoming IPO activity. Once an on-line money
laundering check is passed, registered members are able to view public
prospectuses on-line and then apply and pay for their subscription.
Membership to All IPO is free. To sign up visit www.allipo.com and click "Sign
up now".
The contents of this announcement have been approved solely for the purposes of
section 21 of the Financial Services and Markets Act 2000 by All IPO plc of 26
Throgmorton Street, London EC2N 2AN, which is authorised and regulated by the
Financial Services Authority. All IPO plc provides an execution only service and
is not acting for any readers of this announcement. All IPO plc will not be
responsible to any readers of this announcement for providing the protections
afforded to its customers or for providing advice in relation to any investment
made.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAPKKKQCBDKKDN