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China investment company floats with Abchurch
14 May 2008
Yangtze China Investment Limited, a provider of expansion capital to China-based enterprises, has been advised by Abchurch Communications on its successful IPO on AIM.
The market capitalisation of the company on admission was US$25.38 million, having raised US$25.38 million before expenses.
Yangtze is seeking to make minority equity and equity related investments in small and medium-sized growth businesses within, or associated with, the consumer sector in China. The country continues to have a favourable macro economic environment, having experienced a 9.97 percent GDP average growth rate over the past 14 years. China recorded GDP growth of 11.4 percent in 2007 and is set to become the world’s third largest economy by the end of 2008.
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Henry Harrison-Topham
henry.ht@abchurch-group.com
Tel: +44 (0)20 7398 7700