WUXI, China, Nov. 11, 2015 /PRNewswire/ -- Grand Group
Investment PLC (stock code GIPO) is listed overseas to protect RMB
hosting subscriptions for Shanghai
and London through the realization
of the foundation. This follows the Chinese government's national
strategy on the internationalization of RMB.
Victory Media & Culture Co., Limited (Victory), which has
been invested in by Grand Group Investment PLC is a digital
multimedia learning courseware development provider. The courses
cover the development of metallurgy, machinery, packaging and
other areas. By the end of 2015 Victory will achieve
a net profit of RMB 280
million.
Jin Xun Tong Technology Company (JXT) which has
invested in both Grand Group Investment PLC and Victory is a
digital learning platform, membership estimated at 300
million people by the end of 2015, JXT will achieve net profit of
RMB 120 million.
Victory plans to acquire JXT, to combine into a national digital
learning platform. Currently Victory is now actively preparing for
their IPO in Korea, and then dual listing in the US by American
Depository Receipt (ADR).
Internet companies and the education industry are well
recognized on the Korean stock market. There are
many listed companies related to these industries that enjoy the
valuation premium. According to Korea Investment bank, they give
Victory a valuation of about 20 times higher than their private
equity.
After the completion of the IPO, Victory will issue ADRs as
the second listing place in the United
States to achieve dual listing. The NASDAQ peer group
companies currently average at about 28 times higher than private
equity values.
Grand Group Investment PLC will also implement the Korea and US
dual listing. Grand Group Investment PLC will enhance corporation
value and stock liquidity, to maximize shareholder value.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/new-investment-trends-of-grand-group-investment-plc-300176651.html