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Joint Announcement of CASH (Net2Gather) and CFSG

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PRNewswire-Asia/ — CASH* (HKEx: 1049) (to be renamed as “Net2Gather (China) Holdings Limited”), together with its associate CFSG** (HKEx: 510), today make a joint announcement to welcome the shareholder’s support from significant shareholder, Abdulrahman Saad Al-Rashid & Sons Company Limited (ARTAR Group).

By way of background, the ARTAR Group has major presence in Saudi Arabia and owned by a Middle Eastern family interest (www.artar.com.sa). The ARTAR Group is internationally recognised as an investment institution which is a long term and fundamental value investor.

In recognition of the long term and fundamental value of CASH and CFSG, the ARTAR Group would have in total invested for about US$17 million (about HK$132,600,000) in the two companies by (1) subscription of a convertible note of CASH for US$12,000,000 (about HK$93,600,000), (2) acquiring shares of CFSG to take their ownership to 7.98% of CFSG, and (3) subscription of 30,000,000 CASH shares in the recent placing exercise for HK$15,300,000.

Mr. Saad Al-Rashid, General Manager of the ARTAR Group, said, “We are long term fundamental value investors. We have noticed recent volatility in the share prices of CASH and CFSG for reasons unknown to the management, and we see it as a good opportunity to make a further investment in the CASH Group.

“Since 2003 when I first met Bankee, his passion and enthusiasm in developing the CASH Group into a leading services conglomerate in China had convinced me that they are our ultimate partner in the China market and his current focus will unlock value, in my view, for all shareholders of the CASH Group…” Mr. Al-Rashid continues.

Mr. Bankee Pak-hoo Kwan, Chairman and CEO of CASH, said, “We are very pleased to have the long-term support of the ARTAR Group. This is especially important at times when, for reasons unknown, the share prices of the CASH Group members faced volatility, which management believes does not reflect the fundamental strength and soundness of our operations.”

“We will continue to focus on developing our Mobile Internet business for CASH and financial services business for CFSG in China, which are both multi-billion dollar industries in China and maximise shareholders’ returns,” Mr. Kwan continues.

The conversion price of the CASH shares under the convertible note is HK$0.50 per share and represents a premium of about 42.9% over the closing price of HK$0.35 per share as quoted on 13 June 2011. This reflects the share price on 8 June 2011 when the CASH Group closed a world class transaction with Oberon Media to acquire a repertoire of 1,200 casual games for its Mobile Internet business.

“We firmly believe in the prospects of CASH and CFSG and are confident about their businesses. Their underlying valuation should in our view be much higher than the current level and we urge all shareholders to align with us,” added Mr. Saad Al-Rashid.

*CASH – Celestial Asia Securities Holdings Limited

**CFSG – CASH Financial Services Group Limited

About CASH Group (to be renamed as “Net2Gather (China) Holdings Limited”)

The CASH Group (Celestial Asia Securities Holdings Limited) currently focuses on developing Internet and mobile related services in China. Headquartered in Shanghai, CASH has more than 450 dedicated employees, including 350 research and development (R&D) professionals. In relation to (1) its online game platform with a database of 40 million subscribers over existing online games, the team has developed two next-generation and much-anticipated online games, “Tales of Ocean Fantasy” and “Superhero”, which will be launched during the second half of this year. “Superhero” was named the “Best Self-Developed Online Game” in China’s prestigious Golden Plume Awards in 2010. iPhone versions of these games are also being developed. In relation to its (2) mobile platform, Moli Group has completed the tie-up with Oberon Media, for over 1,200 casual games for selection and adaptation by the Moli Group in China, and targeted marketing including to the Moli Group’s 40 million online subscribers and the mobile and “meyouto” SNS platform with 20 million subscribers. These are parts of the Group’s aim to (3) build a cross value chain of Mobile Internet activities across the Mobile, Internet and Television platforms which are being converged under China’s policy.

About CASH Financial Services Group (CFSG)

CASH Financial Services Group Limited (“CFSG”) is a leading financial services conglomerate that has been servicing clients in Hong Kong for almost 40 years. CFSG offers a comprehensive range of premier financial products and services catering to the investment and wealth management needs of clients in China. CFSG operates one of Hong Kong’s prime securities and commodities brokerages. The investment banking division serves regional corporations on a broad range of corporate finance and financial advisory matters. Another professional arm of CFSG is wealth management, which offers mid to long-term investment products to better serve the various investment and financial planning needs of our clients. CASH Asset Management provides one-stop asset management service for corporate and individual clients to achieve highest risk-adjusted return in this fast changing investment environment. CFSG is listed on the main board of the Hong Kong Stock Exchange [SEHK: 510]. For more information, please visit http://www.cashon-line.com.

About ARTAR Group

The ARTAR Group has a major presence in Saudi Arabia and is an internationally recognised investment institution. Their investments include contracting, real estate, trading, industrial, food catering, agriculture, banking, and health care, with investments in real estate, equities, bonds and private placements. They are fundamental long-term value investors. For more information, please visit http://www.artar.com.sa.

Please note: The above information contains forward-looking statements that involve risks and uncertainties and are based on information of the parties in good faith believes to be reliable as of the date thereof. The actual results may differ. Please exercise care and caution and read the information with the public announcements and circulars which the information is subject to. All figures are approximation.

SOURCE﹛The CASH Group

Written by asiafreshnews

June 17, 2011 at 5:00 pm

Posted in Uncategorized

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Joint Announcement of CASH (Net2Gather) and CFSG

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PRNewswire-Asia/ — CASH* (HKEx: 1049) (to be renamed as “Net2Gather (China) Holdings Limited”), together with its associate CFSG** (HKEx: 510), today make a joint announcement to welcome the shareholder’s support from significant shareholder, Abdulrahman Saad Al-Rashid & Sons Company Limited (ARTAR Group).

By way of background, the ARTAR Group has major presence in Saudi Arabia and owned by a Middle Eastern family interest (www.artar.com.sa). The ARTAR Group is internationally recognised as an investment institution which is a long term and fundamental value investor.

In recognition of the long term and fundamental value of CASH and CFSG, the ARTAR Group would have in total invested for about US$17 million (about HK$132,600,000) in the two companies by (1) subscription of a convertible note of CASH for US$12,000,000 (about HK$93,600,000), (2) acquiring shares of CFSG to take their ownership to 7.98% of CFSG, and (3) subscription of 30,000,000 CASH shares in the recent placing exercise for HK$15,300,000.

Mr. Saad Al-Rashid, General Manager of the ARTAR Group, said, “We are long term fundamental value investors. We have noticed recent volatility in the share prices of CASH and CFSG for reasons unknown to the management, and we see it as a good opportunity to make a further investment in the CASH Group.

“Since 2003 when I first met Bankee, his passion and enthusiasm in developing the CASH Group into a leading services conglomerate in China had convinced me that they are our ultimate partner in the China market and his current focus will unlock value, in my view, for all shareholders of the CASH Group…” Mr. Al-Rashid continues.

Mr. Bankee Pak-hoo Kwan, Chairman and CEO of CASH, said, “We are very pleased to have the long-term support of the ARTAR Group. This is especially important at times when, for reasons unknown, the share prices of the CASH Group members faced volatility, which management believes does not reflect the fundamental strength and soundness of our operations.”

“We will continue to focus on developing our Mobile Internet business for CASH and financial services business for CFSG in China, which are both multi-billion dollar industries in China and maximise shareholders’ returns,” Mr. Kwan continues.

The conversion price of the CASH shares under the convertible note is HK$0.50 per share and represents a premium of about 42.9% over the closing price of HK$0.35 per share as quoted on 13 June 2011. This reflects the share price on 8 June 2011 when the CASH Group closed a world class transaction with Oberon Media to acquire a repertoire of 1,200 casual games for its Mobile Internet business.

“We firmly believe in the prospects of CASH and CFSG and are confident about their businesses. Their underlying valuation should in our view be much higher than the current level and we urge all shareholders to align with us,” added Mr. Saad Al-Rashid.

*CASH – Celestial Asia Securities Holdings Limited

**CFSG – CASH Financial Services Group Limited

About CASH Group (to be renamed as “Net2Gather (China) Holdings Limited”)

The CASH Group (Celestial Asia Securities Holdings Limited) currently focuses on developing Internet and mobile related services in China. Headquartered in Shanghai, CASH has more than 450 dedicated employees, including 350 research and development (R&D) professionals. In relation to (1) its online game platform with a database of 40 million subscribers over existing online games, the team has developed two next-generation and much-anticipated online games, “Tales of Ocean Fantasy” and “Superhero”, which will be launched during the second half of this year. “Superhero” was named the “Best Self-Developed Online Game” in China’s prestigious Golden Plume Awards in 2010. iPhone versions of these games are also being developed. In relation to its (2) mobile platform, Moli Group has completed the tie-up with Oberon Media, for over 1,200 casual games for selection and adaptation by the Moli Group in China, and targeted marketing including to the Moli Group’s 40 million online subscribers and the mobile and “meyouto” SNS platform with 20 million subscribers. These are parts of the Group’s aim to (3) build a cross value chain of Mobile Internet activities across the Mobile, Internet and Television platforms which are being converged under China’s policy.

About CASH Financial Services Group (CFSG)

CASH Financial Services Group Limited (“CFSG”) is a leading financial services conglomerate that has been servicing clients in Hong Kong for almost 40 years. CFSG offers a comprehensive range of premier financial products and services catering to the investment and wealth management needs of clients in China. CFSG operates one of Hong Kong’s prime securities and commodities brokerages. The investment banking division serves regional corporations on a broad range of corporate finance and financial advisory matters. Another professional arm of CFSG is wealth management, which offers mid to long-term investment products to better serve the various investment and financial planning needs of our clients. CASH Asset Management provides one-stop asset management service for corporate and individual clients to achieve highest risk-adjusted return in this fast changing investment environment. CFSG is listed on the main board of the Hong Kong Stock Exchange [SEHK: 510]. For more information, please visit http://www.cashon-line.com.

About ARTAR Group

The ARTAR Group has a major presence in Saudi Arabia and is an internationally recognised investment institution. Their investments include contracting, real estate, trading, industrial, food catering, agriculture, banking, and health care, with investments in real estate, equities, bonds and private placements. They are fundamental long-term value investors. For more information, please visit http://www.artar.com.sa.

Please note: The above information contains forward-looking statements that involve risks and uncertainties and are based on information of the parties in good faith believes to be reliable as of the date thereof. The actual results may differ. Please exercise care and caution and read the information with the public announcements and circulars which the information is subject to. All figures are approximation.

SOURCE﹛The CASH Group

Written by asiafreshnews

June 17, 2011 at 4:58 pm

Posted in Uncategorized

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Joint Announcement of CASH (Net2Gather) and CFSG

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PRNewswire-Asia/ — CASH* (HKEx: 1049) (to be renamed as “Net2Gather (China) Holdings Limited”), together with its associate CFSG** (HKEx: 510), today make a joint announcement to welcome the shareholder’s support from significant shareholder, Abdulrahman Saad Al-Rashid & Sons Company Limited (ARTAR Group).

By way of background, the ARTAR Group has major presence in Saudi Arabia and owned by a Middle Eastern family interest (www.artar.com.sa). The ARTAR Group is internationally recognised as an investment institution which is a long term and fundamental value investor.

In recognition of the long term and fundamental value of CASH and CFSG, the ARTAR Group would have in total invested for about US$17 million (about HK$132,600,000) in the two companies by (1) subscription of a convertible note of CASH for US$12,000,000 (about HK$93,600,000), (2) acquiring shares of CFSG to take their ownership to 7.98% of CFSG, and (3) subscription of 30,000,000 CASH shares in the recent placing exercise for HK$15,300,000.

Mr. Saad Al-Rashid, General Manager of the ARTAR Group, said, “We are long term fundamental value investors. We have noticed recent volatility in the share prices of CASH and CFSG for reasons unknown to the management, and we see it as a good opportunity to make a further investment in the CASH Group.

“Since 2003 when I first met Bankee, his passion and enthusiasm in developing the CASH Group into a leading services conglomerate in China had convinced me that they are our ultimate partner in the China market and his current focus will unlock value, in my view, for all shareholders of the CASH Group…” Mr. Al-Rashid continues.

Mr. Bankee Pak-hoo Kwan, Chairman and CEO of CASH, said, “We are very pleased to have the long-term support of the ARTAR Group. This is especially important at times when, for reasons unknown, the share prices of the CASH Group members faced volatility, which management believes does not reflect the fundamental strength and soundness of our operations.”

“We will continue to focus on developing our Mobile Internet business for CASH and financial services business for CFSG in China, which are both multi-billion dollar industries in China and maximise shareholders’ returns,” Mr. Kwan continues.

The conversion price of the CASH shares under the convertible note is HK$0.50 per share and represents a premium of about 42.9% over the closing price of HK$0.35 per share as quoted on 13 June 2011. This reflects the share price on 8 June 2011 when the CASH Group closed a world class transaction with Oberon Media to acquire a repertoire of 1,200 casual games for its Mobile Internet business.

“We firmly believe in the prospects of CASH and CFSG and are confident about their businesses. Their underlying valuation should in our view be much higher than the current level and we urge all shareholders to align with us,” added Mr. Saad Al-Rashid.

*CASH – Celestial Asia Securities Holdings Limited

**CFSG – CASH Financial Services Group Limited

About CASH Group (to be renamed as “Net2Gather (China) Holdings Limited”)

The CASH Group (Celestial Asia Securities Holdings Limited) currently focuses on developing Internet and mobile related services in China. Headquartered in Shanghai, CASH has more than 450 dedicated employees, including 350 research and development (R&D) professionals. In relation to (1) its online game platform with a database of 40 million subscribers over existing online games, the team has developed two next-generation and much-anticipated online games, “Tales of Ocean Fantasy” and “Superhero”, which will be launched during the second half of this year. “Superhero” was named the “Best Self-Developed Online Game” in China’s prestigious Golden Plume Awards in 2010. iPhone versions of these games are also being developed. In relation to its (2) mobile platform, Moli Group has completed the tie-up with Oberon Media, for over 1,200 casual games for selection and adaptation by the Moli Group in China, and targeted marketing including to the Moli Group’s 40 million online subscribers and the mobile and “meyouto” SNS platform with 20 million subscribers. These are parts of the Group’s aim to (3) build a cross value chain of Mobile Internet activities across the Mobile, Internet and Television platforms which are being converged under China’s policy.

About CASH Financial Services Group (CFSG)

CASH Financial Services Group Limited (“CFSG”) is a leading financial services conglomerate that has been servicing clients in Hong Kong for almost 40 years. CFSG offers a comprehensive range of premier financial products and services catering to the investment and wealth management needs of clients in China. CFSG operates one of Hong Kong’s prime securities and commodities brokerages. The investment banking division serves regional corporations on a broad range of corporate finance and financial advisory matters. Another professional arm of CFSG is wealth management, which offers mid to long-term investment products to better serve the various investment and financial planning needs of our clients. CASH Asset Management provides one-stop asset management service for corporate and individual clients to achieve highest risk-adjusted return in this fast changing investment environment. CFSG is listed on the main board of the Hong Kong Stock Exchange [SEHK: 510]. For more information, please visit http://www.cashon-line.com.

About ARTAR Group

The ARTAR Group has a major presence in Saudi Arabia and is an internationally recognised investment institution. Their investments include contracting, real estate, trading, industrial, food catering, agriculture, banking, and health care, with investments in real estate, equities, bonds and private placements. They are fundamental long-term value investors. For more information, please visit http://www.artar.com.sa.

Please note: The above information contains forward-looking statements that involve risks and uncertainties and are based on information of the parties in good faith believes to be reliable as of the date thereof. The actual results may differ. Please exercise care and caution and read the information with the public announcements and circulars which the information is subject to. All figures are approximation.

SOURCE﹛The CASH Group

Written by asiafreshnews

June 17, 2011 at 4:57 pm

Posted in Uncategorized

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Digital Life Academy Announces Members for the 2011 Session

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2011-06-15 23:00
Academy is global think tank dedicated to bringing privacy, ownership and control to digital lives

SINGAPORE, June 15, 2011 /PRNewswire-Asia/ — The Digital Life Academy today announced its final selections for the Academy session in Singapore this summer.

Academy selection was based on demonstrating entrepreneurial drive, business acumen and a dedication to digital life freedom. 15,000 prospective candidates from 100 countries enquired about the Academy.

“We are delighted with the members selected for the Academy,” said Johan Stael von Holstein, CEO of MyCube, the Academy sponsor. “We wish we could have accepted many more based on the quality of applications we received. We encourage those not accepted to apply again next year.”

Alexander Ulvgarden – Sweden – Gothenburg School of Economics
Ali Tarique – Pakistan – University of Calgary
Andrew Hill – U.S. – Arizona State University
Andrew W. Argue – U.S. – The University of Tampa
Angelique Nehmzow – Hong Kong – Massachusetts Institute of Technology
Anjney Midha – India – St. Andrew’s Junior College, Singapore
Brian C. Wong – U.S. – California Polytechnic State University
Camille Bourely – France – London School of Economics
Carolin Frick – Germany – Mainz University
Christian Alexander Dahl – Norway – Sigtuna Bording School
Demian Brener – Argentina – Instituto Tecnologico de Buenos Aires
Hazal Alyagut – Turkey – Ozyegin University
Imani Pope Johns – U.S. – Howard University
Jamie Cox – U.K. – Bristol Medical School
Jeti Sawatdipong – Thailand
Jia Yi Leong – Singapore – University of Warwick
Joakim Twetman – Sweden – Lund University
Jon Eilerman – U.S. – University of North Carolina
Krystel Bendahan – Venezuela – Universidad Simon Bolivar
Laura McKinnon – U.K. – Glasgow Metropolitan College
Liu Wei – China – Georgia Tech University
Michael Moore Jones – New Zealand – Scots College
Michael Verdi – U.S. – The University of Tampa
Miriam Bevan – Singapore – Canadian International School
Pushkal Dharmendra – India – Indian Institute of Technology
Richard Fields – U.S. – Trinity College
Richard Masters – U.K. – City University, London
Seth Smith – Ireland – St. Columbas
Shannon Angdrea – Indonesia – Pepperdine University
Theodor Jarnhammar – Sweden – Lund University

The Academy runs 4 July to 12 August at MyCube’s headquarters in Singapore. Academy members receive free flights, housing and $3,000 Singapore dollars.

CONTACT:

Todd Kurie
Marketing Director
+65-6536-4280
tkurie@mycube.com

SOURCE MyCube

Written by asiafreshnews

June 17, 2011 at 4:13 pm

Posted in Uncategorized

i.Tech MyVoice 610 Bluetooth Headset Offers Busy Professionals Premium Features for Enhanced Productivity in a Sleek, Cutting-Edge Package

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HONG KONG, June 16, 2011 /PRNewswire/ —

MyVoice 610, a new Bluetooth headset from i.Tech Dynamic, is ideal for busy professionals who demand a combination of cutting-edge style and features that enhance their productivity.

(Photo: http://www.prnasia.com/sa/2011/04/13/20110413977921.html )
(Photo: http://www.prnasia.com/sa/2011/04/13/20110413618607.html )
(Photo: http://www.prnasia.com/sa/2011/04/13/20110413693371.html )
(Logo: http://www.prnasia.com/sa/2009/09/02/200909021619.jpg )

MyVoice610’s elegant styling gives it a premium look and feel, and at just 5.5 mm wide, it is one of the slimmest metal-casing Bluetooth headsets on the market.

Despite its small size, MyVoice 610 is feature rich, with Clear Voice Capture (CVC) technology for noise and echo reduction and multipoint technology for connecting to two mobile phones simultaneously. MyVoice 610 also boasts a key lock button that prevents users from making calls unintentionally and a quick charge function that provides up to 1.5 hours of talk time with just a 15 minute charge. In addition, users can check their battery status with the unit’s battery-check function. The device also is compliant with the latest Bluetooth SIG 3.0 standard. No other Bluetooth headset offers a comparable range of features at such an economical price.

A multifunction button enables the user to turn power on and off, pick and end calls and pair the device with mobile phones; the headset also features separate volume up and volume down buttons. Each unit ships with a USB charging cable, an ergonomic ear hook, three comfort ear buds and seven acoustic ear in-ear buds to ensure a comfortable fit for users with different size ear canals.

MyVoice 610 is available in four ultra-contemporary designs – Noble (dark silver), Elite (white), Senses (copper with laser etched interlocked cords) and Power (black metallic with laser etched flames) – so consumers can select the headset that best matches their personality.

“MyVoice 610 is comparable to some of the high-end Bluetooth headsets on the market, but is a tremendous value,” said Wendy Cho, Managing Director, i.Tech Dynamic Global Distribution Ltd. “With the MyVoice 610, i.Tech is introducing another in a growing line of our Bluetooth devices. Other products with similar features may cost twice as much, or more.”

MyVoice 610 will be available in early May in Asia. The manufacturer’s suggested retail price is USD50.

MyVoice 610 Features and Specifications

– Up to 5 hours talk time
– Up to 130 hours standby time
– Less than 3 hours for full charge (15 minutes charge time for 1.5 hours
of talk time)
– Operating distance: Up to 10 meters
– Bluetooth Version 3.0 + EDR Class 2
– Bluetooth profile support: HSP and HFP
– Dimensions: 52 (L) x 17 (W) x 5.5 (T) mm / 2.0 (L) 0.67 (W) x 0.22 (T)
inches
– Weight: 7.7 grams / 0.27 ounces

About i.Tech Dynamic

i.Tech Dynamic Global Distribution Ltd. specializes in mobile telecommunications accessories. Since its founding in 2002, the company has established a reputation for developing products with sleek designs and good value. Dedicated to innovation and supported with advanced research and development resources, i.Tech delivers electronics and digital products that are highly lauded by users worldwide. For more information, visit http://www.itechdynamic.com.

Products mentioned herein may be trademarks and/or registered trademarks of their respective companies.

Distributed by PR Newswire on behalf of i.Tech Dynamic

Written by asiafreshnews

June 17, 2011 at 11:32 am

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Nikko AM Selected to Run a NYSE Listed Mutual Fund for Greater China

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PRNewswire-Asia/ — Nikko Asset Management Co., Ltd. (Nikko AM) today announced its appointment as the actual investment manager of a NYSE listed mutual fund for Greater China (the Fund).

The Board of the Fund has acknowledged that Nikko AM has the ideal market positioning and required expertise to manage assets invested in the greater China region. The firm has a history as the first asset management company granted QFII (1) status, and the first foreign asset management company to offer a China A-share fund outside China. The Portfolio Manager of the strategy will be Mr. Kwok-On Fung, head of the China Fund Management Team. Nikko AM will provide proprietary research and portfolio management services, while also assisting in the marketing of the Fund to US investors, via US financial intermediaries.

Nikko AM was appointed following a meeting of the Fund’s shareholders in New York on Friday 27th May, while the shareholders also approved the Board’s recommendation to convert the Fund from a closed-end investment company to an open-end investment company, which is expected to occur later this year. Simultaneously, the investment remit of the Fund has been broadened to invest in companies in the greater China region, including Taiwan, Hong Kong, Singapore and the People’s Republic of China. This reflects the wider range of investment opportunities available.

Blair Pickerell, Head of Asia and Global Chief Marketing Officer of Nikko Asset Management Group(2), commented: “For more than 50 years, Nikko AM has been dedicated to understanding and meeting the needs of investors in the Asia-Pacific region and helping global investors enter this market. Greater China is home to some of the world’s strongest and fastest growing economies. Over the next 20 years, Greater China will continue to grow to a point where it will exceed a quarter of the world’s GDP. Today, it is less than 10%. This growth presents a major opportunity for investors and one that will increasingly become important as a core portfolio holding.”

Nikko AM’s appointment follows the announcement last December that it had reached an agreement with DBS Bank Ltd to acquire DBS Asset Management, the asset management arm of DBS Bank, and one of South East Asia’s leading investment management firms. This development followed after Nikko AM signed an agreement to acquire Tyndall Investments, a leading investment management firm in Australia and New Zealand. The transactions significantly broaden the firm’s investment platforms and distribution capabilities across Asia, while bringing the firm’s total AUM to over US$160 billion. Nikko AM is already a 40% shareholder of Rongtong Fund Management Company, the 6th largest Sino-foreign joint venture fund management company in China.

(1) Qualified Foreign Institutional Investors

(2 ) Nikko Asset Management Group stands for Nikko Asset Management Co., Ltd. and its group companies

About Nikko Asset Management

Nikko Asset Management (Nikko AM) is a leading Asian investment management company. Headquartered in Tokyo, Nikko AM has total AUM of approximately US$154 billion as of March 2011, with the planned DBSAM acquisition increasing this by US$7billion.

Established in 1959, Nikko AM is one of the largest asset management companies in Japan, with its investment products sold by over 200 distributors in Asia and with local operations in seven countries and regions. The firm also has offices in London, New York, Singapore, and Hong Kong, and its recent acquisition of Tyndall Investments added Sydney, Melbourne, Brisbane, and Auckland to Nikko AM’s global footprint. Nikko AM also has a 40% stake in Rongtong Fund Management Company, one of the largest Sino-foreign joint venture investment management companies in China.

Nikko AM offers retail and institutional investors access to a wide range of investment strategies, including equities and fixed income as well as traditional and alternative asset classes in multiple markets, developed and emerging. The company operates with a “multi local” approach, giving management in each market a high degree of autonomy to address local market conditions and client service needs, which the firm believes vary widely from market to market.

Nikko AM’s stable management team has significant Asian regional and global expertise which has been key in achieving growth. Nikko AM has been awarded a number of prestigious awards including in 2010 the Lipper Fund Award in the Equity Asia Pacific Ex Japan Category over 3 years and the Global Investor for Investment Excellence in Japanese Equities.

Since 2009 Nikko AM has been owned by The Sumitomo Trust & Banking Co. Ltd. and by its employees. Nikko AM continues to operate independently. For more information, please visit http://en.nikkoam.com.

Important Information:

This release is for information purposes only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any investments. This document should not be regarded as investment advice. In making any investment decision, prospective investors must rely on their own examination of the merits and risks involved.

For inquiries, please contact:

Hong Kong
Walek & Associates
Sophie Sophaon
Tel.: +852-2273-5102

Tokyo
Corporate Communications Department
Kyoko Wada
Tel. +81-3-6447-6117

Written by asiafreshnews

June 17, 2011 at 10:48 am

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