DGAP-News: Dragon holdings AG acquires Tradeology Ltd
(firmenpresse) - DGAP-News: Dragon Holdings AG / Key word(s): Acquisition
Dragon holdings AG acquires Tradeology Ltd
22.03.2011 / 13:32
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Dragon holdings AG acquires Tradeology Ltd
Dragon Holdings AG ISIN: DE000A1CTDS8 , WKN: A1CTDS , Trading Symbol:
DRA
('Dragon Holdings AG' or 'the Company')
ACQUISITION - Tradeology Ltd
22nd March 2011
The Directors of Dragon Holdings AG, the algorithm trading and Distribution
Company, are pleased to announce the acquisition of Tradeology Ltd ('TDL').
Under the terms of the acquisition, Dragon Holdings AG will pay SGD
2,600,000 for subscribing to 51% of new shares of Tradeology Ltd.
Tradeology is a Singapore based Research and Development Company
established in 2009, providing both BotTrading hardware and BotTrading
software to primarily to customers in the Far East but also to the Middle
East and India.
The Directors of Dragon Holdings AG believe that as the IT and software
technology sectors draw closer together, the opportunities for both
companies to find new customers and markets will increase. South East Asia
is a high growth area in which the Company wishes to expand its operations;
therefore this acquisition will be of great benefit.
Michael Hughes, Executive Director of Dragon Holdings AG, said: 'It is the
nature of private companies that their commercial value is frequently
understated. Proven underlying profitability makes it an ideal fit with
Dragon Holdings AG. We see Tradeology working closely with our Singapore
office to market and sell the Dragon Holdings AG programmed trading
terminals in Hong Kong and mainland China.'
Tristan Tabori, President Tradeology Ltd, said: 'our team is delighted to
be joining forces with Dragon Holdings AG, a company with a strong vision
coupled with sound technology.
Together we will be stronger and able to reach new market segments
currently missing from both companies' business portfolios. We look forward
to strong business growth coming from the synergies generated by this
acquisition.'
The Directors of the Issuer accept full responsibility for the contents of
this announcement.
Contact details:
Dragon Holdings AG
Michael Hughes +49 1767 3800 098
michael(at)dragonholdings.net
Investor Relations
Yana Slatina +65 8198 0352
yslatina(at)dragonholdings.net
Corporate adviser
Mr. Jorn Follmer
CDC Capital AG, Munich, Germany
End of Corporate News
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22.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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116416 22.03.2011
Datum: 22.03.2011 - 13:32 Uhr
Sprache: Deutsch
News-ID 33535
Anzahl Zeichen: 0
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Kategorie:
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