Amd Commo Exagr Regulatory News (COMG)

25 Apr 2006 07:00

Europasia Education PLC25 April 2006 25 April 2006 EUROPASIA EDUCATION INCREASES STAKE IN CHINESE EDUCATIONAL MANAGEMENT GROUP EuropAsia Education plc ("EPE"), the AIM-listed education investment group, hasincreased its investment in Chinese educational facilities management group,Dalian Business Institute ("DBI"). It has invested a further £400,000, increasing its stake from 8 to 12 per cent.The total cost of it's investment to date in DBI is £1.1m. London Asia Corporate Finance Ltd, a company in which Mr Simon Littlewood is adirector, has been appointed by DBI as corporate adviser for a planned £1.5million fund raising and listing on Ofex, expected this summer. DBI has a 25 year contract for the management of Dalian Business Institute inLiaoning Province, China ("DBIC"). Founded in 1997, DBIC is a nationallyaccredited college focusing on business and arts subjects, with over 5,000students. DBI operates a very similar business, but in a different part of China, to Ofexlisted China Education Group ("CEG"), in which EPE is also an investor. Thevalue of EPE's investment has gone up considerably since it invested last year,on the back of continued strong growth in profits by CEG, with the stake nowworth £3.8 million at current market prices. EPE Chairman, James Holmes, said: "Our additional investment, plus the proposedfunds to be raised as part of the Ofex listing, will enable DBI to continue toinvest in its facilities to power future growth". -ends- For further information: James Holmes, ChairmanEuropAsia Education 020 7355 7928 Paul Quade 020 7248 8010CityRoad Communications 07947 186694 About Dalian Business Institute China Dalian Business Institute China (DBIC), located in the hub of Dalian city inLiaoning Province, is a nationally accredited comprehensive three-year college,focusing on business and arts subjects. The college diplomas awarded by DBI arerecognised by China's Ministry of Education (MOE). The three-year diploma, degree and distance learning courses cover BusinessManagement, International Trade, International Accounting & Finance, InformationTechnology, International Tourism, Foreign Languages, Business Laws and Arts. About China Education Group CEG is an Ofex listed facilities management company which manages ShandongInternational Institute of Translation ("SIIT"), a profitable private collegebased in Shandong Province, China. SIIT currently has 11,000 students, based intwo campuses. CEG recently announced increased pro forma profits for the halfyear to 31 December 2005 up 47 per cent. For additional information, visit theCompany's web site at www.chinaeducationgroup.com This information is provided by RNS The company news service from the London Stock Exchange