Orchid Capital Ltd.
Orchid Captial Ltd. announces listing of Gongyou Machines Ltd.
Orchid Capital Ltd. / Miscellaneous Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Orchid Captial Ltd. announces listing of Gongyou Machines Ltd. Frankfurt, March 30, 2007: Orchid Capital Ltd. announces todays listing of one of its portfolio companies, Gongyou Machines Ltd., on the Open Market of the Frankfurt Stock Exchange. The Singapore-based investment company Orchid Captial Ltd. holds a stake of 10,3 % in the Chinese machine manufacturer Gongyou Machines Ltd. after completion of the pre-listing private placement. Gongyou Machines Ltd. is the largest maufacturer of woodworking machinery in China with a market share of approx. 60 %. Proceeds from the pre-listing private placement shall be employed to fund a further international expansion. The founding shareholders are subject to lock-up-agreements and the management holds a majority stake in the company. Orchid Capital Ltd.'s CEO, Julian Sandt, is a board member of Gongyou Machnes Ltd. The listing was transacted by TradeCross AG, a VEM Aktienbank AG company. Orchid Capital Ltd.'s role was that of international coordinator. Contact: Julian Sandt, CEO Orchid Capital Ltd. Email: sandt@orchidcapital.net DGAP 30.03.2007 ----------------------------------------------------------------------
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