EANS-News: Vasseti (UK) PLC starts trading at the quality segment "Entry Standard" of Frankfurt Stock Exchange
10.10.2011 – 11:15
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions Frankfurt (euro adhoc) - Vasseti (UK) PLC transfers listing to Entry Standard at Frankfurt Stock Exchange - Important milestone in company´s growth strategy - Listed on Frankfurt Stock Exchange since August 23, 2011 - Successful Malaysian conglomerate based in Kuala Lumpur with diversified business portfolio - Solid long-term agreement with Malaysian government Frankfurt, October 10, 2011 - Today the shares of Vasseti (UK) PLC were initially traded in the Entry Standard of the Frankfurt Stock Exchange. The board of the Kuala-Lumpur-based company had travelled to the Frankfurt Stock Exchange to follow the initiation of the trading at the quality segment of Frankfurt Stock Exchange. "We are pleased with this important milestone in our business development and our ambitious growth strategy." commented Mr. Ranjeet Singh Sidhu, President and MD of Vasseti. "The listing here provides a platform for the international investors to become part of the exciting opportunities in Vasseti which is a very interesting investment opportunity for investors due its balanced exposure between high-growth telecommunications & ICT sector and the stable real estate business." commented after the event on the prestigious dealing floor in the heart of Frankfurt´s financial district. Vasseti (UK) PLC had been listed in Frankfurt since August 23, 2011. Renell Wertpapierhandelsbank AG acted as the Designated Sponsor for the diversified conglomerate. Concerning the potential of the shares, Mr. Sidhu is very optimistic: "We may have just listed our company recently, but we certainly are not new kids on the block. We have been in business through several adverse economic situations and it only made us stronger. The testimony is that all our investors have made money from our businesses through all those time and again." The conglomerate operates a highly successful business portfolio comprised of three major components with operations mainly in Malaysia: First, Vasseti´s telecommunications business operates a new and modern fibre-optic telecommunication infrastructure in Malaysia; second, the conglomerate has a large information and communication (ICT) technology subsidiary; and third, it has a real estate business unit investing in strategic landed properties. In addition, Vasseti has initiated numerous high growth potential investments recently which will be adding sustained value to its business portfolio. In September, Vasseti has been announced as part of the prestigious "Economic Transformation Program" which is headed by the Malaysian Prime Minister. This success illustrates Vasseti´s important and prominent role in the Malaysian economy and society in total. And it raises investor confidence due to the company´s long-term financial viability associated with government co-operation and contracts. About Vasseti Vasseti (UK) Plc ("Vasetti") is a large, diversified conglomerate based in Kuala Lumpur. It was recently listed on the Frankfurt Stock Exchange and has been fully reporting on the Entry Standard Level since October 2011. It is an investment holding company with business interests in the field of network telecommunications, information technology and real estate. Vasseti consists of companies and businesses established from as long as fifteen years ago to several new, high growth business ventures it initiated last year. Vasseti has its business focus in three core business activities: Network Infrastructure Telco (owner and operator of fibre-optic telecommunication infrastructure and provision fixed-line network telecommunication infrastructure and services); Network Services (Provision of IP-based services, operation of MedikTV, and cloud computing services); and Property Development (Investment in strategic landed properties with potential for commercial and residential development). Apart from the above mentioned businesses, there are other supporting businesses which are either in the early stage of development (e.g. engineering, plantation, HR services, security services, fleet management, office automation business and private jet charter services). Further inquiry note: CONTACT Investor Relations Team Ranjeet Singh Sidhu TEL +60193877218 CATEGORY Technology & Real Estate EMAIL ir@vasseti.co.uk WEB www.vasseti.co.uk end of announcement euro adhoc -------------------------------------------------------------------------------- company: Vasseti UK PLC Throg Morton Street 33 UK-EC2NBR London phone: +44 (0)207156 5274 FAX: +44 (0)207156 5001 mail: ir@vasseti.co.uk WWW: http://www.vasseti.co.uk sector: Telecommunications ISIN: GB00B3ZLSS23 indexes: stockmarkets: Open Market / Entry Standard: Frankfurt language: English