|By PR Newswire||
|April 28, 2014 04:00 AM EDT||
WUXI, China, April 28, 2014 /PRNewswire/ -- Grand Group Investment Limited (Grand) appointed the famous British investment bank - ZAI Corporate Finance Ltd (ZAI) as permanent Nominated Adviser and permanent Broker for listing on the AIM market of London Stock Exchange. Grand has been approved to list on the AIM market.
Grand was initiated by TAN KAH KEE International Society, associated institutions and subscription of Chinese investors. It will raise fund by IPO in London Stock Exchange. The stock of financing will reach 40 million pounds.
Grand will focus on investment in blue-collar vocational training education, online education, overseas study training, technical economy and cultural leisure industry. Grand will become the international leader of Chinese education & culture industry, the capital manager of international education & culture and the brand manager of international education & culture.
Grand accepts a revenue model named GP+LP and enhances value-added services. It will start up RMB funds in China after IPO. Meanwhile, Grand and ZAI will launch a Trading system for Chinese retail investors to open an account in the secondary market. This is the first Chinese/English bilingual system in British industry, which will greatly facilitate Chinese retail investors to trade British quoted companies. The stock liquidity will be made stronger, too.
Grand has finished the subscription of Wuxi Victory Media and Cultural Co. Limited. The investment amount reached 200 million CNY. Wuxi Victory Cultural Media Co. Limited is the R&D maker of a set of standard skill courseware in metallurgical industry. It is a manufacturing company, which attains course fees by providing standardized courseware in metallurgical industry for various technical schools. 129 HD-videos courseware (Victory made) was used by nearly 20 thousand people in 2013.
Grand has planned to finish the investment of 3-5 projects (mainly in late periods and Pre-IPOs) in 3-6 months. The investment amount of a single project is more than 30 million CNY. Following the investment principle – "Hold the minority of shares", Grand will bring not only capital to project parties, but also new technology, new products and new markets, which promotes the core competitiveness of project parties.
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