UFC Holding N.V.
UFC Holding N.V. finalizes acquisition of United Forest Resources (Global) Pte Ltd
UFC Holding N.V. / Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Eindhoven, September 13, 2007 – Today, UFC Holding N.V. has announced its purchase of the remaining 75 % stake in United Forest Resources (Global) Pte Ltd (UFR) after receiving the necessary formal approval given by the Chinese government. Together with the 25 % stake in UFR, which was bought in April 2007, UFC Holding N.V. now holds 100 % in UFR. UFR holds 98 % in United Forestry China Co. Ltd (UFC China). UFC Holding N.V. focuses on the development of raw materials such as forest resources in China and aims to create a conglomerate in the forestry industry which is realising all possible value chain elements in the wood and forestry production. Mr. Eng Kwee Tay, Director of UFC Holding N.V. remarks on the potentially rewarding opportunities from this participation: 'China is a major player in the forest products market, both as a producer and consumer. Our 100 % stake in UFR will support our extremely strong strategic position, possessing the key specialist knowledge and exploiting the market potential for the benefit of the company.' More information regarding UFC Holding N.V. can be found at the company´s website www.ufc-holding.com. For any further information, please contact our Corporate Communications Team directly: UFC Holding N.V. Corporate Communication t: +49 (0) 89 244118-411 f: +49 (0) 89 244118-499 About UFC Holding N.V. UFC Holding N.V. is a Dutch based holding company that focuses on investments in the forestry industry in China. The Chinese forestry policy and the encouragement of private sector investments in forestry by the Chinese Central Government greatly improves UFC´s chances to participate in a developing market with a high growth potential. UFC as a Group has a clear focus on becoming one of the top 10 forestry companies in China. 13.09.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden