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FATFISH GROUP LIMITED — M&A Activity 2010
Sep 23, 2010
64911_rns_2010-09-23_6d3c6779-68f3-4543-a2a1-b4f1e33f534d.pdf
M&A Activity
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ATECH HOLDINGS LIMITED
A.C.N 004 080 460
346 Kings Way, South Melbourne, Victoria, 3205 Australia Telephone: (03) 9690 1077 Fax: (03) 9012 4404
24 September 2010
Company Announcement Office Australian Stock Exchange Level 45, South Tower, Rialto, 525 Collins Street, Melbourne, VIC, 3000
Fax Message: 1300 135 638
Dear Sir/Madam.
Announcement: Atech Holdings Limited (ASX Code: ATH) intends to acquire 100% of the shares in Alpha Wealth Financial Services Pty Ltd
Further to the announcement dated 18 May 2010, Atech Holdings Limited ("Atech") is pleased to announce that it intends acquiring 100% of the shares in Alpha Wealth Financial Services Pty Ltd ("Alpha") by way of an acquisition of Alpha Wealth Financial Services Pty Ltd under revised terms.
Given the size and nature of the proposed acquisition, Atech intend to give shareholders' the opportunity to vote on the acquisition.
The bid is conditional upon shareholder approval and, therefore, if shareholder approval is not obtained, the bid will not proceed. Atech will shortly dispatch documentation in relation to the forth coming meeting of shareholders.
Alpha is a corporate advisory firm specialising in the South East Asian market, and is currently in the process of completing a number of deals ranging from resources to telecommunications. It is the intention of Atech to acquire Alpha to expand and complement those activities and open further offices and opportunities throughout South East Asia.
Currently Alpha has office in Melbourne and Shanghai with the office opening in US.
If shareholders have any queries they should contact George Karafotias on +613 9690 1077.
Yours faithfully
Donald LOW Chairman