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8I HOLDINGS LTD — M&A Activity 2015
Jan 29, 2015
64264_rns_2015-01-29_22660aea-94cc-430d-8f67-383e2e795568.pdf
M&A Activity
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ASX ANNOUNCEMENT / MEDIA RELEASE
For Immediate Release
8I Holdings Limited (ASX:8IH)
Completion of Acquisition of Hemus Pacific
30 January 2015 Singapore
8I Holdings (ASX:8IH) (“the Company”) advises that it has completed the acquisition of 51% of Hemus Pacific Private Limited (“Hemus”) for S$2,448,000.
Hemus is a successful property and events management business that has been operating in Singapore since 2005, with audited FY2013 revenue in excess of S$4,500,000.
The acquisition of Hemus will provide the Company with access to retail properties and events operated by Hemus. These properties are typically located in retail shopping centres and mass transit interchanges with very high foot traffic. The company specialises in operating promotional events in these locations, which can be synergised to provide 8IH with ongoing opportunities to attract enrolments for its financial education seminars and courses.
Hemus operates as a master property manager for many locations in mass transit terminals and has close working relationships with SBST and SMRT. The Company anticipates that relationships with these clients will provide 8IH with access to future property codevelopment and investment opportunities with prominent real estate owners and developers.
ENDS
For further information, please visit www.8iholdings.com
Media enquiries:
Goldbell Towers, 47 Scotts Road, #03-03/04, Singapore 228233 | t +65 6225 8480 | f +65 6235 0332
Zane Lewis Goh Yi Lin Director Investor Relations 8I Holdings Ltd 8I Holdings Ltd +61 8 6555 2950 / +61 400 007 900 +65 6225 8480 [email protected] [email protected]
About 8I Holdings Limited
8I Holdings is the holding company of the 8I Group that is based in Singapore and operates an investment business in listed securities, real property developments, and a financial education and training seminar business. Our experiences as a financial education company focusing on investment techniques with “Value Investing” through our flagship “Millionaire Investor Program” has facilitated significant growth and established 8I Group as one of the leading financial education seminar operators with an investment business in Singapore.
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