DGAP-News: Orient Energy&Logistics Holdings Ltd. / Key word(s):
Agreement/Acquisition
Orient Energy&Logistics Holdings Ltd.: A diversified play on the
entertainment and consumer needs of the ever expanding middle class in
China
26.07.2011 / 10:11
———————————————————————
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
www.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
———————————————————————
133169 26.07.2011