ALF Group Holdings AG – Interim Report, Consolidated Accounts and Post June Company Update
(firmenpresse) -
ALF Group Holdings AG – Interim Report, Consolidated Accounts and Post June Company Update
Sydney, Australia, 24th August 2010 - ALF Group Holdings AG (ALF) wishes to advise that the 2010 Interim Report to Shareholders, including the consolidated earnings of the Company for the 6 months to 30th June 2010, is now available to be read on the new ALF website (www.alfgroupag.com).
The Directors believe that the report provides a clear picture of the company’s current financial trading position and it also provides a road map as to ALF’s future intentions in each of its key markets, being Australia, Germany and the USA.
The Directors of ALF also provide a post June 30, 2010 update:
(i) ALF has now acquired the remaining 50% of ALF Group Pty Ltd. This increases ALF’s net position as ALF can now (after 30 June 2010) bring to account 100% of the earnings of the Australian operations. The financial results to 30th June 2010 include only 50% of the earnings of ALF Group Pty Ltd.
(ii) ALF are currently undertaking due diligence regarding the takeover of a NASDAQ company. It is intended that this company will be the USA Investment vehicle.
(iii) ALF have reached an understanding with major shareholders of a German property company and are in the process of formalizing an agreement to acquire a significant interest. It is intended that this company will be the German Investment vehicle.
(iv) ALF has made offers on properties in Germany, USA and Australia. Most have counter offered and acquisition seems likely subject to the capital raising being fulfilled. The acquisition of any of these assets is not dependent on the outcome of either purchase (in (ii) and (iii) above). That is, the acquisition of the properties under consideration is subject only to the capital raising initiatives and the subsequent outcome of the due diligence on the properties themselves.
About ALF Group Holdings AG
ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions. It is also an acquirer of distressed assets.
For further information please contact:
ALF Group Holdings AG
Level 29, Chifley Tower
2 Chifley Square
Sydney, NSW 2000
Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
eMail: info(at)alfgroupag.com
Leseranfragen:
Can Can Lingerie Holding AG
HEAD OFFICE
77-79 Anzac Parade
Kensington, 2033
Sydney, NSW, Australia
Ph: 02 9663 2842
Fax: 02 9663 2638
Email: reception(at)cancan.com.au
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Datum: 24.08.2010 - 10:25 Uhr
Sprache: Deutsch
News-ID 24837
Anzahl Zeichen: 0
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Town:
Wien
Kategorie:
Business News
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