Amd Commo Exagr Regulatory News (COMG)

11 May 2006 09:51

Europasia Education PLC11 May 2006 11 May 2006 EUROPASIA EDUCATION PLC: INVESTEE CHINESE COMPANY FOR OFEX EuropAsia Education plc ("EPE") announces that its investee company, DalianBusiness Institute Ltd ("DBIL"), a Chinese educational facilities managementgroup, has applied to list on Ofex, with the anticipated first day of trading 23May 2006, and has successfully raised the £1.5 million funding it was seeking. The market capitalisation on listing will be approximately £20 million, whichwill put it in the top 20 stocks on Ofex by market capitalisation. Jerseyincorporated DBIL has a 25 year management contract to run the Dalian BusinessInstitute ("DBI") in Liaoning Province, China. DBI specialises in business and arts subjects, and has over 5,000 students. Thefunds raised by DBIL will be used as working capital, as it seeks to expand itsfacilities to meet growing demand for its courses. EPE holds a 12 per cent stake in DBIL, which it acquired for £1.1 million, andGeorge Allnutt and Victor Ng, EPE directors, are on the Board of DBIL. EPE Chairman, James Holmes, said: "This is the second of our Chineseinvestments to go to Ofex, following the successful performance of ChinaEducation Group which has seen a more than doubling in the value of our originalinvestment at current market prices." -ends- For further information: Paul Quade 020 7248 8010 CityRoad Communications 07947 186694 About Dalian Business Institute China DBI is a Jersey incorporated company, with a 25 year contract for the managementof Dalian Business Institute in Liaoning Province, China ("DBIC"). Founded in 1997, DBIC is located in the hub of Dalian city in Liaoning Province.It is a nationally accredited comprehensive three-year college focusing onbusiness and arts subjects, with its college diplomas recognised by the ChineseMinistry of Education. There are currently over 5,000 students, based in thecampus in Liaoning Province, China. There are six colleges and five faculties onthe site, providing 3-year diploma, degree and distance learning courses ineight specific areas: Business Management; International Trade; InternationalAccounting & Finance; Information Technology; International Tourism; ForeignLanguages; Business Laws; and Arts. This information is provided by RNS The company news service from the London Stock Exchange