“We are delighted with our OTC listing as ASAE and expect the listing to serve as a link to the Chinese market,” said Frank Yuan, CEO of ASAP. “The market and book value for 20% of ASAP Hotel Management Corp, 10% of IBMC China AG, and 10% of OOOUT Portal AG, is more than $8 Million USD. The total outstanding shares for ASAP has approximately 8.5 Million shares. We sincerely believe after we successfully list the 10 additional Chinese companies, either on FRANKFURT or USA Exchange, the companies’ market and book value will increase dramatically.”
As part of compensation of the Investment Banking services, ASAP will maintain a percentage (minimum of 10%) ownership of the companies, listed on either USA or FRANKFURT Exchange. Primaries Investment Banking services include, private/public offering, reverse merger, equity or debt financing.
Currently ASAP maintains 20% of ASAP Hotel MGMT Corp, 10% ownership position in IBMC China AG (FRANKFURT: 4IB), and OOOUT Portal AG (FRANKFURT: OOV). In addition, ASAP has signed consulting service agreements with approximately 10 more Chinese companies expected to list within the next year and in the pipeline.
For more information, visit www.asapholdings.com
ABOUT ASAP INTERNATIONAL HOLDINGS
ASAP is a holding company that operates investment banking, management consulting and global trading services for Chinese Companies. Our mission is to be the bridge between China and the Western world. Investment Banking Services division lists Chinese companies on the public trading markets in the USA or Europe. Our Management Consultant division assists our own portfolio companies to meet Western standards management and enhance its value in the public market arena, and our Global Business Services division provides consulting to entities seeking business opportunities in the U.S, and Europe.
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed.
