Worldsec Ld Investment Update (6354Z)
December 12 2014 - 6:19AM
UK Regulatory
TIDMWSL
RNS Number : 6354Z
Worldsec Ld
12 December 2014
12 December 2014
Worldsec Limited (the "Company", and together with its
subsidiaries, the "Group")
Investment Update
Further to the Company's announcement on 28 November 2014, the
board of directors of the Company is pleased to announce that the
Group has made an investment of HK$4 million, by way of capital
contribution of HK$2 million and shareholder's loan of HK$2
million, for a 50 percent interest in Oasis Education Group Limited
("Oasis HK", and together with its subsidiaries, the "Oasis
Group"). Oasis HK is a start-up company incorporated in the Hong
Kong Special Administrative Region, the People's Republic of China
(the "PRC"). Its principal business involve, through a wholly-owned
subsidiary newly established in the Qianhai economic zone in
Shenzhen, the PRC, Oasis Education Consulting Shenzhen Co., Ltd.
("Oasis Shenzhen"), the provision of education consulting and
supporting services to kindergartens in China. The first such
kindergarten to be serviced will be located in Huizhou City of
Guangdong Province of the PRC with facilities designed to cater for
300 pupils (the "Huizhou Kindergarten"). The service agreement
between Oasis Shenzhen and the Huizhou Kindergarten, which is
expected to commence classes in January 2015, will run until the
end of 2033. It is the longer term corporate objective of Oasis HK
to develop and expand the education consulting and supporting
services of the Oasis Group to cover a network of kindergartens in
China.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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