TAZ Tai Zi

    RNS Number : 9429X
  Tai Zi Capital Ltd
  01 July 2008
   

    Tai Zi Capital Ltd

    Admission to AIM


    Tai Zi Capital Ltd ("Tai Zi" or the ''Company'') is an investing company focused on the acquisition of interests in property in Taiwan
and more generally in far East Asia.


    KEY POINTS


    *     Number of Ordinary Shares in issue on Admission: 6,000,000
    *     Market capitalisation on Admission at the Admission Price of US$1 per Ordinary Share: �3,041,054*
    *     Dealings on AIM in the shares of Tai Zi begin today (1 July 2008)
    *     Nominated Adviser and Broker to Tai Zi is Zimmerman Adams International Limited. 
    * Nb exchange rate of �1:US$1.973 used


    1 July 2008



    ENQUIRIES:

    Tai Zi Capital Ltd                                              Tel: +852 3719 7300
    Lawrence Man Kwan NG

    Zimmerman Adams International Limited       Tel: +44 (0) 20 7060 1760      
    Dominique Doussot
    Charity Walmsley

    Capitalised terms used but not defined in this announcement have the same meanings as given to them in the Admission Document.
      Tai Zi Capital Ltd: 
    Admission to AIM


    The Company

    Tai Zi Capital Ltd ("Tai Zi" or the "Company") is an investing company focused on the acquisition of interests in property in Taiwan and
more generally Far East Asia. Tai Zi was incorporated in the Cayman Islands on 23 November 2007 as an exempt company with limited liability.
Its founder shareholder is Prince Asset Management Co. Ltd, ("Prince Asset"), a company incorporated in Hong Kong. The Company is deemed to
be "an investing company" for the purposes of the AIM Rules for Companies.  
       
    The Board will seek Shareholders' approval, at each annual general meeting, by way of a simple majority, for the continuance of the
Company's investment strategy. No changes may be made to the Company's investment strategy without Shareholder approval. If no investment or
acquisition is made within 18 months of Admission, then the Directors intend to convene a meeting of Shareholders to consider whether to
continue with its business, to consider alternative investment strategies or to wind up the Company and to distribute any surplus cash to
Shareholders.

    The Company's Investment Strategy

    The Company intends to build shareholder value by acquiring properties and growing a portfolio of rental investment properties located
in major cities in Far East Asia including Taiwan, Hong Kong, Macau and possibly other areas of China. These are anticipated to comprise
office, commercial properties and residential properties. The Board believes that these may provide attractive cash flows and yields
together with opportunities for further revenue growth through proactive property management. The Company may also invest in other property
related companies or businesses where suitable. 

    The Directors intend to actively manage the acquired properties and may either acquire and/or establish a property management team,
whose objective will be to maintain and increase high occupancy levels, to achieve strong rental revenue growth and to maximise net
operating profits. The Company will primarily seek to invest in income-producing properties in or around major urban centres. The Company
may also invest in the construction and development or refurbishment of properties, either wholly owned by the Company or as joint ventures
in conjunction with other investors. Such investment would either be made directly by the Company or via special purpose vehicles. 

    The Directors will consider the following key factors whilst assessing the acquisition of or investment in any property:

    *     marketability, price, financing structure, legal and ownership status;
    *     location, access to infrastructure including major roads and public transport, a high current occupancy rate and established
tenants of good financial and credit standing; 
    *     the quality of the property and the specification of the facilities within it; and
    *     opportunities to enhance the property in order to increase returns - the possibility of improving the gross rental area and
efficiency of use and potential rental income increases through space rationalisation and building facilities upgrades.  


    Directors 

    The Board comprises two executive Directors and one independent non-executive Director whose details are as follows:

    Jen-Ching Chen, aged 59, Chairman and Chief Executive Officer

    Mr. Chen graduated from the National Cheng Kung University (Taiwan) with a degree in accounting and statistics in 1971. Mr. Chen has
devoted his entire career to the construction and property sector within the Prince Housing Group. He has graduated through the finance
departments of various group subsidiaries and is currently general manager of Prince Housing. He has a range of experience in monitoring the
operation and financial control of the Prince Housing Group and has also assisted its board in corporate finance issues, strategic planning
and business development. 


    Lawrence Man Kwan Ng, aged 38, Executive Director

    He graduated from Hong Kong Technical Institute in 1995. He began his career in the banking industry in Hong Kong and spent fourteen
years in private banking and bank treasury department advisory roles with international clients throughout Asia. He then moved to Singapore
and worked with Hong Leong Bank and DBS Bank in Singapore as assistant vice president before returning to Hong Kong to work in the private
banking division of Credit Industriel et Commercial (CIC) as a vice president. He is currently a director of Prince Asset in Hong Kong.

    David Thomas, aged 53, Independent Non-Executive Director

    David Thomas is resident in the UK and is an English qualified solicitor. He is a non-executive director of several companies listed on
the Alternative Investment Market in London, all of which have businesses in China. He practised law in London for more than 20 years,
specialising in corporate finance, before a period with Beeson Gregory (now Evolution Group plc), a London investment bank and stockbroker,
where he was an executive director and general counsel until 2002. 

    Reasons for Admission
    The Company will apply its funds to identify and carry out due diligence on potential acquisitions and investments and to provide
working capital for the Company's initial operations in line with its acquisition and investment strategy.
    The Directors believe that the benefits of the Admission include:
    *     the ability to enter into negotiations with vendors of businesses or companies to whom the issue of publicly traded shares as
consideration is potentially more attractive than the issue of shares in an equivalent private company;
    *     the ability to raise further funds in the future, either to enable a proposed acquisition to be completed and/or to raise
additional working capital or development capital for the Company once an acquisition has been completed; and
    *     the ability to attract and retain high quality directors and employees by offering them share options. The Directors consider that
the ability to grant options over publicly traded shares is potentially more attractive to directors and employees than the grant of options
over shares which are not publicly traded.


    Zimmerman Adams International Limited ("ZAI"), which is authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting as nominated adviser and broker to the Company and is not acting for any other person in connection with this
announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of ZAI or for
providing advice in relation to this announcement.  


    This announcement is drawn up in accordance with the AIM Rules for Companies, and has been issued in connection with the admission of
the Issued Ordinary Shares of the Company to trading on AIM. This announcement does not contain an offer or constitute any part of an offer
to the public within the meaning of section 85 of FSMA or otherwise. 

    The release, publication or distribution of this announcement outside the United Kingdom ("UK") may be restricted by law and therefore
any persons outside the UK into whose possession this announcement comes should inform themselves about and observe any such restrictions.
Any failure to comply with such restrictions may constitute a violation of the securities laws of any jurisdiction outside of the UK.  The
information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been
prepared in accordance with the laws and regulations of any other jurisdiction other than the UK.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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