News

Grand Group Investment PLC
Interim Results

29 September 2015

Interim Results

Grand Group Investment PLC (AIM:GIPO), a provider of expansion capital and value added services to China-based SMEs with high growth potential, today announces its first set of Interim Results for the period from 1 January 2015 to 30 June 2015 (the "period").

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Financial Highlights

  • Total assets stand at RMB 548 million, and net assets at RMB 463 million (approximately £56 million/ £47.2 million)
  • Of total assets, investments now total RMB500m after making a cash investment of RMB 20 million into Jinxuntong, a Chinese online learning solutions provider
  • Our cash position is RMB 48.4m (approximately £4.9m), with net cash of RMB 35.04m (£3.5m)
  • There was a loss for the period of RMB 7.6 million (approximately £0.8 million)
  • NAV per share as at 30 June 2015 stood at RMB 13.69 (vs December 2014 RMB 11.81)

*The illustrative exchange rate as at 30 June 2015 was 1 GBP: 9.8 RMB

James Newman, Non-Executive Chairman of Grand Group Investment PLC, said, "Our first six months as a quoted company have been eventful indeed. In January 2015 the Group raised £7.1 million and was admitted to AIM, which in turn allowed us to make our second investment. In Q2/2015 we acquired a 15% stake in Jinxuntong, an online learning solutions provider, for RMB 20 million. After paying IPO expenses and making our first investment, we still have over RMB48 million for further investments and are actively pursuing new opportunities."

 

For further information:

Grand Group Investment PLC  
James Newman, Non-Executive Chairman Tel: +86 510 8329 1718
Yang Xiao, Executive Director www.grandgroupplc.com
   
ZAI Corporate Finance Limited  
Ray Zimmerman / Ivy Wang (Nomad) Tel: +44 (0) 20 7060 2220
Steven Baird (Broker) www.zaicf.com

 

About Grand Group

Grand Group was founded in 2014 by Mr Yang Xiao and other founding shareholders. The Company has been established for the purpose of identifying, acquiring and investing in small to medium-sized companies with high growth potential, principally operating in the People's Republic of China ("PRC").

Grand Group is a late stage incubator which focusses on investing in established businesses with either technology or intellectual property which the Board believes will benefit from Grand Group's university-based research resources.

Partnerships

Through its partnership with the TKK Society, the Group has fostered and maintained a broad network of contacts with individuals at local and international higher education institutions, including: Jiangnan University; Xiamen University; Jimei University; Nanyang Technological University (China); University of California Berkeley (Tan Kah Kee Hall); National University of Singapore; University of Hong Kong; Oxford Brookes University; Keuka College (New York State); and the University of Greenwich.

Amongst these universities, Grand Group has already established effective relationships with Jiangnan University and Jimei University for its current projects and the Directors believe that similar relationships can be developed with other universities.

 

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