AvW Invest AG

euro adhoc: AvW INVEST AG
AvW INVEST increases participation in CASH to more than 5 percent

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AvW INVEST AG increases its participation in the Chinese Cash Financial Services Group (CFSG), which is headquartered in Hong Kong, to more than five percent. This makes AvW Invest AG the largest European shareholder and strategic investor of CFSG. The purchase price is approximately 1.6 million euros. By means of a 750 million capital increase, CFSG will increase its capital stock from its current level to approximately 1.3 billion shares.

In the course of this capital increase of CFSG, AvW Invest AG has acquired 40 million shares. Thus, AvW Invest AG now holds a total of 71.5 million shares, which is approximately 5.4 percent of CFSG’s capital stock. The required registration with the regulatory authorities in Hong Kong is the responsibility of CFSG.

With this acquisition, AvW Invest AG continues its course of expansion in the financial services area. In addition, this step is an excellent preparation for the distribution of the AvW security bond in China. "This strategic participation constitutes another important step towards Asia," says Wolfgang Auer of Welsbach, Chairman of AvW’s Board of Management. "This acquisition makes us the first Austrian company with a large-scale participation in a Chinese financial services provider that is listed on the stock exchange."

About AvW Invest AG:  AvW Invest AG is a company of the AvW Group (www.avw.at). The AvW shares are listed on the ATX Prime Market of the Vienna Stock Exchange (ISIN number: AT0000930409, Reuters: AVWI.VI). The Austrian company, which is domiciled in Krumpendorf at Lake Wörthersee, specialises in the areas of financial services, equity investments and real estate.

AvW Invest AG holds investments in the following stock exchange listed companies:  Hirsch Servo (HISE.VI) - 11 percent, S&T (SNTS.VI) - 10 percent, Pankl (PARS.DE) - 5 percent (in total, the AvW Group holds 20 percent), Cash Financial Services Group (8122.HK) - 5 percent.

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ots Originaltext: AvW Invest AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AvW Invest AG
Dr. Ernst Wilde
Tel.:  04229/3621-24

Branche: Financial & Business Services
ISIN:      AT0000930409
WKN:        892661
Index:    Prime.market
Börsen:  Frankfurter Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Wiener Börse AG / official dealing

Weitere Meldungen: AvW Invest AG

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