Monvest Aims to be Initial Mongolian Firm to List on Frankfurt Stock Exchange – Salans Appointed Listing Companion
Frankfurt, Germany (PRWEB) December 08, 2011
Monvest, Inc., an entertainment, leisure and travel (ETL) firm that operates the National Lottery of Mongolia, is in line to turn out to be the very first Mongolian enterprise to do a major listing on the Deutsche B?rses Frankfurt Stock Exchange (FWB). The listing initiative was kicked off with the appointment of a top rank listings team led by Listing Companion Salans, a leading German law firm whose lawyers have handled practically half of all FWB China IPOs to date.
Monvest plans to list its shares on the First Quotation Board (FQB) of the Open Marketplace of the FWB in January 2012. The FQB listing is to be followed by an upgrade to the Entry Normal of the FWB inside numerous months. The Monvest FWB listing dovetails with the Companys ongoing plan to list on the US OTC market in 2012.
Frankfurt is an important step in the capital markets approach of Monvest Group, says Nixon Yap, a renowned Malaysian entrepreneur, the Founder and Chairman of Monvest. Our aim is to be the 1st Mongolian FWB listing and to offer European investors with an opportunity to take portion in the rapid growth of this booming emerging marketplace.
Monvest Group has an exclusive strategic partnership with BizINVIN LLC, a neighborhood company that holds the exclusive license to own and operate lotteries in Mongolia. The National Lottery commenced operations in 2011, and Monvest is in the approach of completing the roll-out of 150 lottery distribution outlets in the nations capital of Ulan Bator. Two lottery games are currently launched by Monvest, a 6D Jackpot and a 6/42 Lotto.
Listing Team Excellence
Monvest has appointed Salans as Listing Partner. Salans has had a presence in China given that the 1990s, is a single of the very first international law practices licensed in Shanghai, and one of the citys largest foreign law firms. Salans has solid relationships with each the FWB and German Monetary Supervisory Authority (BaFin) and is recognized as a Listing Companion and China Professional by Deutsche B?rse, the worlds third largest exchange.
Of all Chinese enterprises to IPO on Frankfurt since 2007, practically half have been handled by members of the Salans IPO team, like ZhongDe Waste Technology AG, Asian Bamboo AG, Euro Asia Premier Genuine Estate Co. Ltd., and Madison Property AG. Salans Shanghai office, which has won trade awards for excellence, will coordinate the Mongolian project with the German offices of the firm.
We are pleased to perform with Monvest to achieve the 1st main listing of a Mongolian enterprise in Frankfurt, states Dr. Benjamin Kroymann, the China IPO specialist for Salans at the Shanghai office. This definitely is a landmark for Mongolia and for the FWB. Deutsche B?rse has made the effort to welcome Mongolian enterprises, and we really feel that European investors are eager for the opportunity to invest in this marketplace. Monvest will lead the way and ought to be the 1st of many from this region.
Mongolia was ranked for the 1st time as an emerging industry in February 2011 when Citigroup analysts determined Mongolia to be one particular of International Growth Generators, countries with the most promising growth prospects for 2010-2050. With a rapid rise in resources, Mongolia’s exports are up 50% from 2009, swelling cash reserves to US$ 1.8 billion. Production of coal, iron ore and crude oil should rise 10-fold more than the subsequent decade, and the ten biggest deposits are worth more than US$ 1.three trillion.
Frankfurt Capital Industry
Frankfurter Wertpapierb?rse (FWB), also known as the Frankfurt Stock Exchange, is one particular of the world’s biggest securities trading centers with a tradition that dates back more than 400 years. With a share in turnover of a lot more than 90%, it is the largest of Germany’s seven stock exchanges. Deutsche B?rse AG operates the Frankfurt Stock Exchange and ensures the smooth functioning of exchange trading.
FWB is the world’s third biggest trading exchange, ranked only behind the New York Stock Exchange (NYSE) and NASDAQ. Frankfurt Stock Exchange is home to public organizations from more than 80 distinct nations with businesses from North America making up virtually 40% of the total listings, such as over 3,200 from the US alone. A lot more and far more companies from countries like the US, Canada, Australia, the UK, India, China select FWB more than their house country’s stock exchange.
Frankfurt is a logical step for Monvest to bring its story to the global investment community, added Yap. We see FWB as a steppingstone into the European capital marketplace, and, despite the current economic ills, there is no denying that Europe boasts 1 of the worlds biggest pools of capital. European investors also have a historic international outlook that makes it possible for them to embrace nations like Mongolia.
Yap points out that the underlying prospects of Monvest are sound. Mongolia is primed for a lottery given its growth story in current years. There are quite a few lotteries operating across Asia, which has a tradition of private ownership of lotteries, several of which are listed in their house markets. These lottery operations offer a solid revenue stream for government and frequently offer high returns for investors.
Monvest, Inc. was incorporated in the US state of Nevada to operate and invest in entertainment, travel and leisure corporations. The initial concentrate of Monvest is to develop operations in Mongolia, exactly where it owns and operates the only National Lottery. In Mongolia, Monvest Group firms contain wholly-owned Contemporary Capital Vest LLC, a lottery management organization, and majority-owned BizINVIN LLC, holder of the National Lottery license.
For far more details please speak to:
David Lake, GCC Capital Markets
E mail: davidlake(at)finance-media(dot)com
Monvest Inc Press Release – Dec 09 2011
Monvest Appoints Renell Listing Bank and Marketplace Maker Upgrades Frankfurt Listing Strategy to Entry Common
Frankfurt (PRWEB) December 29, 2011
Monvest Inc. (Monvest), an entertainment, leisure and travel business that operates the National Lottery of Mongolia appointed Renell Wertpapierhandelsbank AG (Renell) as Listing Applicant Bank and market place maker. Monvest is in line to turn into the first Mongolian Group to do a principal listing on the Deutsche B?rses Frankfurt Stock Exchange (FWB). Renell joins Listing Partner Salans, a major German law firm, to manage the Monvest listing on the FWB Open Industry.
The Renell appointment comes as the Monvest response to a December 20, 2011 announcement by Deutsche B?rse AG to not list any shares or certificates representing shares on the Initial Quotation Board any much more till additional discover due to suspected market manipulation. Renell will function with Monvest on a answer that is expected to culminate in listing on the FWB Entry Common in first quarter 2012.
Deutsche B?rse has made it clear that it is concerned by the level of transparency on the FQB, says Nixon Yap, Founder and Chairman of Monvest. In response Monvest has decided to push for an Entry Standard listing on the FWB, which comes with a much greater level of transparency and reporting needs. As the initial Mongolian Group to list on FWB we have to reach the highest level of standards to make investors comfortable in this hard marketplace environment.
Yap notes that Monvest chose Renell to support its listing plan as Renell is a major bank when it comes to handling FQB and Entry Normal listing transaction in Frankfurt. Renell has completed a number of listing in Asia and we are proud to work with them on this project. In addition, the Renell prowess as a industry maker is most important for our share liquidity management program.
Monvest Group commenced its National Lottery operations in mid-2011. Monvest is in the approach of completing the Phase I roll-out of 150 lottery distribution outlets in the nations capital of Ulan Bator. Another 150 lottery outlets are slated to be onstream by mid-2012. Two lottery games are currently launched by Monvest, a 6D Jackpot and a 6/42 Lotto.
Listing Team Excellence
In 2010, Renell was the market place leader for FQB listings with 65 cases. As a major broker and Xetra (on the web trading) specialist, Renell handles 2,500 transactions every day for enterprises like Deutsche Borse AG, Commerzbank AG, Heidelberger Druckmaschinen AG , Prada and SolarWorld AG. Renell boasts 15 Xetra marketplace specialists for the 200 order books it manages on the FWB, 30 of which are on the Prime or Common Common.
Asian listings have become far more and a lot more essential in recent years to the FWB and we are dedicated to generating these projects function, states Marc Renell. As a family members enterprise in our personal right, we recognize the way Asian entrepreneurs believe. We and believe that we can serve them properly for all their demands in Frankfurt. Monvest is a very good case in point.
In Asia, Renell has completed four Chinese listings, such as Asia Growth Venture (investment company), Shang Dong Fu Yang Green Timber AG (investment business), Shanghai Cheng Beng (auto accessories) and Jufeel Heng Chang Precious Metal Renewable Resource AG (investment company). Two of the biggest projects Asian were for Sejong Investment PLC of South Korea and Vasseti (UK) Plc. of Malaysia.
Renell has a global presence with admittance to some 85 stock markets worldwide. In clearance and settlement, Renell works closely with BNP Paribas, the sixth largest bank in the planet.
Frankfurt Capital Market
Frankfurter Wertpapierb?rse (FWB), also recognized as the Frankfurt Stock Exchange, is one of the world’s largest securities trading centers with a tradition that dates back over 400 years. With a share in turnover of far more than 90%, it is the largest of Germany’s seven stock exchanges. Deutsche B?rse AG operates the Frankfurt Stock Exchange.
FWB is the world’s third biggest trading exchange, ranked only behind the New York Stock Exchange (NYSE) and NASDAQ. Frankfurt Stock Exchange is home to public organizations from over 80 various countries with businesses from North America producing up virtually 40% of the total listings, like more than 3,200 from the US alone. A lot more and much more firms from countries like the US, Canada, Australia, the UK, India, China pick FWB over their property country’s stock exchange.
Frankfurt is a logical step for Monvest to bring its story to the global investment community, added Yap. We see FWB as a steppingstone into the European capital market place, and, in spite of the current financial ills, there is no denying that Europe boasts one particular of the worlds biggest pools of capital. European investors also have a historic worldwide outlook that makes it possible for them to embrace nations like Mongolia.”
Monvest, Inc. was incorporated in the US to invest in entertainment, travel and leisure businesses. The concentrate of Monvest is to develop operations in Mongolia, where it owns and operates the National Lottery. In Mongolia, Monvest businesses include Modern Capital Vest LLC, a lottery management firm, and BizINVIN LLC, holder of the National Lottery license.
For more data please contact:
David Lake, GCC Capital Markets
E mail: davidlake(at)finance-media(dot)com
Disclaimer : This press release and data contained therein are not to be interpreted regardless of whether or not in Germany or abroad, and specially not in the US, Canada or Japan as an supply or an invitation to obtain shares in Monvest Inc. or in any other listing automobile Monvest group might pick for its planned listing in Germany. This press release is of a purely informative character. The info contained is directed exclusively at persons and organizations with their spot of residence or company in Germany. In connection with the planned listing in Germany, shares in Monvest Inc. or in any other listing vehicle Monvest group may select for its planned listing in Germany, will not be publicly supplied to investors in Germany or other countries in any instance, specifically not to those in the US, Canada or Japan.