Orient Energy & Logistics Holdings Ltd.
Orient Energy & Logistics Holdings Ltd.: A diversified play on the entertainment and consumer needs of the ever expanding middle class in China
Orient Energy & Logistics Holdings Ltd. / Key word(s): Agreement/Acquisition A diversified play on the entertainment and consumer needs of the ever expanding middle class in China Orient Energy and Logistics is due to hold its first road show in key financial centers around the world starting early August with Luxembourg based investment advisory company Continental Advisors, to complement its capital markets initiatives as well as explore further business development or global strategic partnerships. This newly listed company is already China's leading and most successful cinema development team, and has operations in the fields of mining and forestry to serve China's ever growing demand for natural resources. Mr. John C.A. Koo Chairman and Chief Executive Officer stated, 'More than 500 Asian companies have chosen a FSE listing. The FSE's trading volume grew by a staggering 39% when comparing December 2009 to December 2010. The liquidity of stocks listed on the FSE is the highest in all of Europe. In fact, market liquidity and trading volume on the FSE is third in the entire world, behind only the NASDAQ and NYSE.' Orient Energy & Logistics Holdings Ltd. is a multi-business conglomerate based in Hong Kong, China and listed on the FSE, which offers the necessary visibility and liquidity to attract capital from both European and Asian investors. Andreea Porcelli Director or Continental Advisors said 'We are very excited about the investment opportunity offered by Orient Energy. They have exclusive access to a largely unexplored segment of the immense entertainment industry in China. In addition, their forestry and mining concessions in Latin America make them well-positioned to gain from China's on-going appetite for raw materials. The company offers a diversified play on the continued needs of the ever expanding Chinese middle class' The diversified operations of Orient have been meticulously selected to take advantage of attractive growth projections in selected Chinese markets. The largest and most successful player in the expanding Cinema development industry of China The Chinese film industry is currently the third largest player globally, and is set to surpass India in second position by 2015, having wrapped up a year that grossed $1.5 billion in box office earnings in 2010, a 64% increase compared to the previous. The country has enjoyed continued growth rates over five times that of US averages since 2003, when economic reforms relating to China's movie industry were passed. In 2010, the country counted a total of 313 movie theaters and 6,200 screens, 1,533 of which were added just last year–that's an average of between three and four new screens added every day. This number, however, is still far from satisfying the entertainment needs of the country's 1.3 billion population. With the Chinese middle-class enjoying an increase in disposable income, and Government support towards the local film industry (considered a top priority in the cultural development of the nation), the People's Republic of China represents a prodigious market opportunity. Orient Entertainment, a branch of Orient Energy and Logistics, is the team behind China's largest and most successful cinema developer, CINECHINA. With 25 cinemas already operational and profitable and a further 175 in the pipeline, they have firmly positioned themselves as the leader in this lucrative market. The team is led by Fritz Li, Yin Gang and Stanley Wei, a well-known cinema development team. In the past 10 years, the team has been involved in designing, constructing and operating over 150 cinemas and 1000 screens in China. and has participated in 57 out of the 100 most profitable modern multiple cinema constructions in the country. Mr. Wilson Y.F. Lau, Vice Chairman and Chief Operating Officer of Orient had similar thoughts to share: 'In many parts of China , shopping and going to see a movie is the only form of family entertainment and as the middle class income grows, there's an explosion of demand for cinemas to meet the needs of the growing middle class. Our group has partnered with CINECHINA a market leader in building and designing cinemas in China and together we are aggressively developing this market niche and we are confident that we can capture a significant percentage of this multi billion industry.' Orient is the majority shareholder of the Sara Iron Sands Mining Concession With iron being the world's most commonly used metal, and China demanding almost 60% of the world's iron ore to produce 47% of world steel production, Orient has tapped into this lucrative and high-margin market with its Sara Iron Sands Concession in Mexico and proposed mine in Peru. Orient wholly owns the concession for 57,776 hectares of dense forest terrain in Peru. The concession obtained through the full acquisition of Ascent Hill Holdings Limited, coupled with a Long Term Supply Agreement with the largest hardwood floorboard manufacturer and distributor in mainland China has permitted Orient to secure a partnership that allows them to maximize profit margins, protects them from market fluctuations and places them in a good position to increase their general client base. Press Contact: John Everitt Little Skylark 0039 348 787 2263 John.everitt@littleskylark.com End of Corporate News 26.07.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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