Origo Partners raises $35m via placing
Beijing-based private equity investment company Origo Partners has announced that it intends to raise up to $35m via a placing to "capitalise on further investment opportunities developing in the Chinese market in early 2012."
Beijing-based private equity investment company Origo Partners has announced that it intends to raise up to $35m via a placing to "capitalise on further investment opportunities developing in the Chinese market in early 2012."
The placing is of new ordinary shares to existing and new shareholders at a price of 36p per share. Origo said that it has already received indications of interest for more than $32m from shareholders.
"The net proceeds of the Placing are intended to be used to fund identified investment opportunities, including in Renminbi (RMB) funds in conjunction with the Chinese government."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The proceeds, along with the $15.4m cash the firm already has, will be used to meet its investment plan and cash operating costs in the upcoming year.
Origo's Chief Executive Officer Chris Rynning said: "Origo's partnership with the Chinese government is expanding and we are looking to increase our exposure to Renminbi. This placing will allow us to continue investing in fast growing Chinese cleantech and resource related companies while enlarging the Company's shareholder base."
BC
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published