ALF Group Holdings AG – Updated valuation exceeds Euro 86 M
(firmenpresse) -
ALF Group Holdings AG – Updated valuation exceeds Euro 86 M
Sydney, Australia, 16th September 2010 - ALF Group Holdings AG (ALF) wishes to advise that the Directors have received an updated independent valuation for ALF Group Pty Ltd.
This report values 100% of ALF Group Pty Ltd at AUD$120M (approximately Euro 86M).
ALF Group Holdings AG owns 100% of ALF Group Pty Ltd.
The valuation has been prepared by Pears Chartered Accountants (www.pearsca.com.au), a highly regarded and experienced accounting and auditing firm who are currently not engaged by ALF for any purpose other than preparing a valuation. The valuation has been prepared in accordance with Australian Accounting standards and meets all relevant International Accounting Standards.
Principal Managing Partner, Alan Pears, is a Fellow of the Institute of Chartered Accountants in Australia (ICAA), having qualified with the Institute in 1972 and established the firm in 1974. He has extensive experience in business valuations and utilizes this experience in litigation in the Family Court of Australia on behalf of business clients.
The updated valuation was prepared at the request of ALF’s Swiss auditors, in order to approve the issue of the ALF shares required to complete the purchase of the balance of shares in the Australian Company.
Based on a post EGM reverse split of ALF shares and an approx. 200M shares on issue, that the NTA of the Australian Companies (excluding any value for the Cash raised in the capital raising or value attributed to any of the international operations) is Euro 0.43 per share (Euro 86M / approx. 200M shares on issue).
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 and developer of distressed assets and currently has projects with an end value of over AUD $400M under contract.
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
E-mail: 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: 16.09.2010 - 10:22 Uhr
Sprache: Deutsch
News-ID 25238
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