ministry of finance takes a 4.67% slice

  1. 2,922 Posts.
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    I'd say these shares were part of Simon Lohs original holdings in an off market sale through the AIM.
    26/04/05 Orion Gateway Pty Ltd 14.73 18.1 8,967,000

    It's a nice vote of confidence, but the market wants MORE !
    Imagine how many stocks on the ASX would have risen if Malaysia’s Ministry of Finance bought into their company ?
    Maybe it'll hit home when they appear in the top 20 holders.
    ------------------

    MAVCAP, Malaysia’s Ministry of Finance invests in e-pay Asia
    LONDON, 6 February 2006, e-pay Asia Limited (ASX/AIM stock code: EPY, “the Company”), a leading
    provider of electronic payments and mobile top up services, announces that MAVCAP (Malaysia
    Venture Capital Management Bhd), a wholly owned subsidiary of Malaysia’s Ministry of Finance has
    become a significant shareholder of e-pay Asia Limited after acquiring approximately 8.9 million
    ordinary shares representing 4.67% of the company’s total issued capital.
    MAVCAP was incorporated on 19th April 2001 by the Government of Malaysia and was allocated
    RM500 million (A$185 million) by the Minister of Finance Inc for investment in, nurturing and growing
    the technology sector and the investing and growing of venture capital market in Malaysia.
    “MAVCAP is one of Malaysia’s most prominent institutional investor and we are pleased to welcome
    them as a major shareholder. We look forward to working with MAVCAP and the Minister of Finance Inc
    to create shareholder value and growing our business in Malaysia”, said Jonathan Soon, e-pay Asia’s
    Director of Corporate Affairs.
    End.
 
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