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Corporate News QuamNews: Quam announces 2011/12 interim results Net profit turns around from loss Quam Limited (00952) announced its unaudited interim results for the six months ended 30 September 2011. During the Period, Quam recorded revenue of HK$197.0 million, representing an increase of 54.8% compared to the corresponding period of last year. The Group came around from a net loss of HK$3.7 million the same period last year to a net profit of HK$0.2 million during the Period. Basic earnings per share were HK0.02 cent. The Group’s Board of Directors did not recommend the payment of an interim dividend for the six months ended 30 September 2011. During the Period, the securities and futures business revenue amounted HK$124.9 million. The securities margin lending grew rapidly with a significant increase in interest income of HK$16.6 million. The margin loan book at the end of the Period stood at HK$358.4 million. With the setting up of new funds such as the Silkroad Mongolia Fund and the BRIC EDCA Fund, the Asset Management business recorded a revenue of HK$5.1 million (2010: HK$4.2 million). Total Assets under Management (“AUM”) at the Period end totaled US$67.6 million. Quamnet and Quam IR contributed revenue of HK$13.9 million, which was mainly attributable to the increase in revenue from website management and related services such as subscriptions for research and columnist. Quam Capital achieved significant increase in revenue for the Period of HK$27.3 million. The growth was mainly attributable to the completion of a number of IPOs and several advisory mandates. Meanwhile, the newly formed China Europe Desk which, in partnership with members of our M&A International Alliance, captures PRC/European M&A deal flow, is gaining traction. Mr Bernard Pouliot, the Chairman of Quam concluded, “The Group’s result was actually stronger than it appears as the profit was partly affected by the impairment of interest in McMillen Advantage Capital Limited and a share of loss in MAC largely due to the closing of its securities operation in Dubai. Without adjustment, the actual net profit before tax was approximately HK$5.3 million. With appropriate expansion, the securities trading business and corporate finance business are expected to bring further income to the Company.” QuamNews: Quam appoints Robert Chan as Independent Non-executive Director Quam Limited (00952) announced the appointment of Chan Tze Leung, Robert as Independent Non-executive Director, member of the Audit Committee and the Remuneration Committee of the Group effective immediately. Bernard Pouliot says that Mr Chan’s solid finance background will definitely be beneficial to the development of the Group. Chan has been a banker for over 38 years of experience in commercial and investment banking. He is a Chief Executive Officer of United Overseas Bank, Hong Kong and an independent non-executive director of Hutchison Port Holdings Management Pte. Limited, a trustee-manager of Singapore listed Hutchison Port Holdings Trust and Singapore listed Noble Group Limited. What is more, he is also a senior adviser to Long March Capital Limited, a fund management company based in Beijing and Shanghai in partnership with leading Chinese institutions including CITIC Group. And he is a fellow of the Hong Kong Institute of Directors. Meanwhile, Douglas Howard Moore has resigned from his position, an Independent Non-executive Director, members of the Audit Committee and the Remuneration Committee of the Group effective immediately. QuamNews: Kenneth Lam appointed CEO of Quam Limited The Board of Directors of Quam Limited (00952) is pleased to announce the following changes in management effective immediately. The Chairman and Group Managing Director of the Company, Mr Bernard POULIOT will step down as Group Managing Director and will remain Executive Chairman of the Group. Mr Kenneth LAM will now assume the role of Chief Executive Officer of Quam Limited and will remain Deputy Chairman of the Company. Mr Richard WINTER will become Chief Executive Officer of Quam Capital Limited and remain Deputy Chairman of the Company. QuamNews: Quam recorded 7.7 M profit, led growth by Securities and Corporate finance Quam Limited (00952), a Hong Kong-based financial services group, today announced its audited annual results for the year ended 31 March 2011. During the Year, Quam recorded revenue of HK$306.6 million (2010: HK$286.6 million), representing an increase of 7.0% compared to last year. The Group’s net profit was HK$7.7 million (2010: HK$19.5 million). Basic earnings per share were HK0.81 cent (2010: HK2.30 cents). The Group’s Board of Directors recommends the payment of a final dividend of HK0.50 cent (2010 final dividend: Nil). Mr. Bernard Pouliot, the Chairman of Quam, said, “It is excited to have an encouraging performance during the Year, which reflected the rebounding but still volatile in Hong Kong market. We turned around from a mid-year loss of HK$3.7 million given various business units have performed well and been growing steadily. We are well positioned to capture the benefits from China’s expansion and to assist Chinese clients to meet their objectives.” During the Year, particularly the second half, the securities and futures business had expanded its sales force and product range, coupled with the improved market sentiment, the performance was steady. While the securities and futures dealing commissions decreased by 10.6% to HK$185.7 million (2010: HK$207.8 million), ECM placement and underwriting fee income, however, was substantially increased to HK$22.0 million (2010: HK$6.5 million). Another aspect of growth is Corporate finance and advisory services. Revenue of it for the Year was HK$40.1 million (2010: HK$24.1 million). QuamNews: Quam welcomes Eurasia Capital to GAP; Launches Mongolia Fund Quam Financial Services Group, whose holding company Quam Limited (00952), takes the lead in welcoming Eurasia Capital, which it has recruited as member of Global Alliance Partners (GAP). Eurasia Capital, headquartered in Ulaanbaatar, is a pan-regional investment bank with focus on Mongolia and Central Asia. Eurasia Capital’s chairman, Mr. Alisher Ali is enthusiastic for his company to usher investors into the world’s largest untapped mining province. “Developing its massive resources will allow Mongolia to become the world’s fastest growing economy throughout the next decade,” Mr. Ali said. Meanwhile, Quam Chairman, Mr. Bernard Pouliot announced that Quam, through its asset management subsidiary, will launch this month a new fund investing in the Mongolia market. According to Mr. Pouliot, “We seek to invest in a diversified portfolio of stocks exposed to almost entirely to Mongolia to provide investors with what we believe, is the first liquid Mongolian Fund.” QuamNews: Quam Limited 1H recorded steady development Quam Limited (952), a prominent Hong Kong-based financial services group, reported a profit before share of results of associates and jointly controlled entitles of HK$1.5 million, while a consolidated loss of HK$3.7 million for the six months ended 30 September 2010 (2009: profit of HK$15.7 million). The share of losses associated with the Group’s Dubai investment in McMillen Advantage Capital Limited and the Suzhou Private Equity was HK$5.2 million (2009: share of profit of HK$0.4 million). The Group’s revenue for the Period adjusted 14.4% to HK$127.3 (2009: HK$148.8 million). Basic loss per share were HK0.39 cent and no interim dividend has declared. Mr Bernard Pouliot, the Chairman of Quam, said, Riding on the appreciation of RMB, the impact of QE2 and strong demand of one-stop investment services, we are now undergoing the repositioning of our core businesses. To explore and deepen market reach across China, additional offices in Beijing and Dalian have been established, giving additional opportunities for our private equity division and the Group.” Securities and futures dealing commissions adjusted 33.1% to HK$78.3 million which were resulted from the lower futures trading volumes compared to the same period last year. Equity Capital Markets business activity picked up in the latter months of the Period and 8 fund raising mandates were completed, the Group recorded placement and underwriting fee income for the Period of HK$6.3 million. The rapid growth of securities margin lending business was driven by the dynamic IPO market in September, the securities margin loan book at the end of the Period was HK$211.1 million. During the Period, revenue generated from corporate finance and advisory services was up 65.4% to HK$17.7 million. The division completed one IPO and a broad range of advisory mandates. Revenue generated from investment website (www.quamnet.com) and Quam IR (including inter-company services) was increased 34.6% to HK$17.9 million. So far, the division has secured 5 China content distribution partners, such as Baidu. Quamnet has also launched 3 more new subscription services with high-profile investment advices from Alex Wong, Vincent Lam and Patrick Wong. Quamnet continues to organize large-scale conferences, medium scale seminars and specialty investing trading courses to enhance both advertising and sponsorship revenues, as well as to increase its subscriber base and subscriber loyalty. QuamNews: Quam Shows Human Face through French Cinepanorama Quam Limited (952), a Hong Kong-based financial services group, gives full support to French Cinepanorama, an annual film festival hosted by Alliance francaise Hong Kong. It will run this year from November 26 to December 12 with Quam as its platinum sponsor. Quam Chairman, Mr. Bernard Pouliot underscored the significance of Quam’s involvement in French Cinepanorama saying, “As we extend our reach across China and around the world through Global Alliance Partners, it is imperative that Quam shows its human face.” In drawing the parallelism between investing and film making, Mr. Pouliot said that both connect with people and address their concerns and needs. “As finance is a personal matter; so is cinema, whereby each of us reacts in our own individual way”, he explained. QuamNews: Quam Introduces Healthzone to present at Global Alliance Partners Conference Quam Limited (952), announced that Australia's leading healthcare company, Healthzone Limited (ASX: HZL - OTCQX: HLTZY) will present in Hong Kong today at the Global Alliance Partners Conference hosted by Quam. The semi annual conference of the Global Alliance Partners takes on the theme "Doing Business in China with Quam". Healthzone's CEO, Mr Peter Roach speaks about his experience of how the Global Alliance Partners network has bridged his company to new investors, new markets, and a more profitable future. 'Healthzone showcases what we envision to achieve for our partners within the Global Alliance Partners. Our international network bridges the gap between investment opportunities in frontier markets and key sources of investment risk capital', explained Mr. Bernard Pouliot, chairman of Quam and Deputy Chairman of Global Alliance Partners. QuamNews: Australia's leading healthcare company credits Global Alliance Partners to accelerate international growth Global Alliance Partners announced that AU$10,000,000 has been raised for leading Australian healthcare company, Healthzone Ltd (Stock Codes: ASX:HZL; OTCQX: HLTZY), by its member firms HK-based Quam Limited (00952.HK), and KT ZMICO Securities, a market leader in Thailand. Healthzone is Australian listed largest health and wellness retailer, distributor and brand business. Its Aurinda vitamin brand established in China for more than 12 years and is today retailed through over 1,600 locations across China. Its another wellness retail brand Healthy Life also operates over 120 retail stores in Australia. Healthzone's Executive Chairman Mr Peter Roach said, "As a result of the successful capital raise, Healthzone is now resourced to progress the roll-out of the successful Healthy Life retail model in China. We have already six stores committed and forecast to open 100 sites by 2012 retailing more than 2500 health products to the US$30 billion China wellness market growing at 18% per annum." According to Mr. Bernard Pouliot, Chairman of Quam and Deputy Chairman of Global Alliance Partners, "The capital raise was initiated by another US-based Global Alliance Partner firm and the raise was completed through Quam." QuamNews: Quam Hosts HK Conference of Global Alliance Partners on Oct 29 Quam Limited (952) will host the whole-day semi annual conference of Global Alliance Partners on 29 October 2010, Friday. Global Alliance Partners is an international network of financial services companies employing over 1,500 investment professionals dedicated to delivering innovative solutions for its clients across private equity, corporate fundraising, stockbroking, and fund management. Partner firms have advised on more than 350 corporate transactions worth a total of over US$10 billion. This second half year's conference takes on the theme "Doing Business in China with Quam". Among other overseas partners coming to Hong Kong for the conference are: Capital Partners Securities based in Tokyo, MAC Capital Group based in Dubai, KT ZMICO Securities based in Bangkok, Imara Holdings based in Gaborone, Killik & Co based in London, and Westminster Securities based in New York. 'This will be the biggest and most substantial gathering of investment professionals within Global Alliance Partners since its inception in 2008 in Macau', Quam Chairman Bernard Pouliot said. 'Quam is lending its leadership and strategic strength in this part of the region to stimulate and sustain a two-way advantage for our China and international partners, thus serving as the gateway for capital flow, trading and exchange of technical expertise and best practices. QuamNews: Mr Richard Harris heads Quam Asset Management Mr Richard Harris has taken the helm of the asset management business of Quam Limited (0952.hk) effective from this month. Mr Harris has been a resident of Hong Kong for over 40 years, with 25 years in the investment industry. He has significant experience in managing mutual, private and pension funds, in multi-asset classes - and in the marketing of such products. He spent his early career managing money for Jardine Fleming and Newton Investment Management and later headed the asset allocation and manager selection activities as a Director for Citi Private Bank in Asia. Bernard Pouliot, Chairman of Quam Limited, said, “His appointment is a key step in the efforts of Quam Asset Management in expanding AUM and in reinforcing our business in the Asia Pacific region.” Mr Harris holds a First Class Honours degree from The London School of Economics and Political Science and a Master’s degree in Engineering Geology from Imperial College London (formally a constituent college of the University of London). He also holds an MBA from Harvard Business School and a certificate in Intermediate Mandarin from Peking University. QuamNews: Killik & Co joins Global Alliance Partners London-based Killik & Co joins Global Alliance Partners (GAP) to be its gateway to Europe. Long before it became a GAP member, Killik & Co has already opened a reciprocal trading account with Hong Kong-based Quam Financial Services Group and has already been an active business partner of another GAP founding member based in Dubai, MAC Capital Group. Killik & Co is an independent partnership founded in 1989 by Paul Killik and friend colleague Matthew Orr, to address the rapidly growing market of new investors encouraged by the Thatcher reforms of the 1980s. They both shared a vision to create a stock broking firm with a difference: a firm that is accessible and approachable, particularly to new investors. QuamNews: Quam Limited Quam turns to profit, FY09/10 net profit of HKD 19.5 million Quam Limited announced an audited annual net profit of HK$19.5 million for the year ended 31 March 2010 ("the Year"), when compared with a net loss of HK$7.9 million in the previous year. The Group's basic earnings per share were HK2.30 cents for the Year against a loss per share of HK0.98 cent in the preceding year. During the Year, the Group's revenue was approximately HK$286.6 million (2009: HK$296.9 million). The Group's Board of Directors does not recommend the payment of a final dividend for the year ended 31 March 2010 (2009 final dividend: Nil). An interim dividend of HK1.0 cent per share was paid on 6 January 2010. "Quam rebounded in spite of a challenging operating environment. The satisfactory performance proves that our strategy to expand into China is successful. Meanwhile, our core business in securities dealings has improved year on year in spite of lower trade volume and extremely erratic trading patterns in a tightening economic situation," said Mr Bernard Pouliot, the Chairman of Quam. Mr Pouliot, said, "During the Year, we continued our focus on the China market while taking aggressive advantage of every opportunity and challenge. Market presence in Chengdu, Hangzhou, Beijing and Dalian will be added into our Greater China strategy as well. This has been a year full of challenges but we are optimistic that the world economy is gradually improving." Appointed as the Chairman of Global Alliance Partners ("GAP"), Mr Pouliot continued, "Complementing our China efforts is our GAP's network, that spans strategic markets including Hong Kong, Vietnam, Thailand, UAE, Japan, USA (New York), UK and Africa. Quam has become the China window for GAP, which continues to grow in scope and geography." Mr Pouliot concluded, "With an aim to improve profitability and strive for satisfactory return to shareholders, we will expand the range of our products and services and develop a seamless infrastructure to support cross-border activities, as well as broaden our customer base. Leveraging China's exciting growth potential and our unique strengths, Quam is well positioned to expand its footprint in that country." QuamNews: Quam Limited & Invest AD Offer Asian Investors Access to Mid East Quam Limited (952) said it has formed a partnership with Invest AD, the Abu Dhabi-based investment company, to offer Asian investors access to Middle East equities markets. Invest AD will act as a sub-advisor, identifying stocks for investment products offered by Quam Limited to its strong network of professional investors in Hong Kong and Taiwan. Invest AD manages 4 of its own equities funds investing in the Middle East and Africa, and signed a similar agreement to play a sub-advisory role for funds managed by German private bank, BHF BANK, last year. Mohammed Al Hashemi, Head of Asset Management at Invest AD, commented, "Middle East markets are outperforming global markets this year, but they still have much further to go to catch up with the rebound that most emerging markets experienced last year. The fundamentals are strong, with the IMF expecting the region to post an economic growth of above 4% annually over the next 4 years." Bernard Pouliot, Chairman of Quam Limited, added, "Investors in Asia are looking for diversification, especially now, when key Western and Asian markets have had a good run and look fully valued. There are many opportunities materializing in the Middle East across different sectors and together with Invest AD as our sub-advisors, we look forward to launching a new fund over the coming weeks to leverage this exciting opportunity." QuamNews: Quam Limited’s JV in Suzhou Makes First Local Investment Quam Limited (952) said Suzhou QUAM-SND Venture Capital Enterprise, a RMB venture capital fund operated by foreign enterprise and is managed by Quam Ltd's private equity arm Suzhou Gaohua Venture Investment Management Ltd ("Suzhou Gaohua"), participated in the placement of RMB50 million into Hangzhou Great East Packaging ("Hangzhou Great East"). Hangzhou Great East is a major PET bottles manufacturer in China. Together with its affiliated companies, it has production plants in 8 cities. The proceeds from the placement will be used for the expansion plan of Hangzhou Great East. With net assets of RMB340 million, Hangzhou Great East employs about 1,000 staffs in 8 cities of China including Hangzhou, Nanjing, Taizhou, Hefei, Xian, Dongguan, Dalian and Shenyang. Its major customers are Pepsi-Cola and Coca Cola in carbonated soft drinks (CSD) bottles and Purified Bottled Water. Wu You Ming, the chairman of Suzhou Gaohua, said, "We are delighted to make an investment decision in three months given the solid and high quality corporate structure of Hangzhou Great East. Riding on the increasing demand of bottle drink around the globe, especially in China, we are confidence that Hangzhou Great East will experience strong growth in the coming few years. On the other hand, we are expected to add value on corporate governance and local connections to Hangzhou Great East. In all, we are optimistic that our investment in Hangzhou Great East will be a win-win situation to both parties." QuamNews: Quam Limited Sponsors the 8th Hong Kong-Asia Film Financing Forum Quam Limited (952, "the group") announced its major sponsorship of the 8th Hong Kong-Asia Film Financing Forum ("HAF"), one of the annual major events of The Hong Kong International Film Festival Society ("HKIFFS") held at the Hong Kong Convention and Exhibition Centre from 22 to 24 March 2010. Bernard Pouliot, the chairman of the group, was invited as the guest speaker in the luncheon at 23 March 2010. Pouliot shared on the vision of making Hong Kong as the "Hollywood of Asia". Film financiers and investors, film makers and HAF advisors attended the luncheon. "Film production in Hong Kong is presently getting invigorated financing support from an assortment of sources - the government, councils, private business, and even from Mainland entrepreneurs", said Pouliot, "however, the approach to financing is fragmented and has to be institutionalized and given the integrated infrastructure it needs to set out not just policies, but simple and quick operational mechanics for setting up a loan scheme, for attracting investments from the Mainland, managing film funds, and most importantly, extending tax incentives to film investors." Organized by HKIFFS, HAF is widely recognized by as the most important film-financing platform in Asia. The HAF brings Asian filmmakers with upcoming film projects to Hong Kong for co-production ventures with top film financiers, producers, bankers, distributors and buyers. The 25 outstanding film projects that have been selected for this year's HAF come from 17 territories in Asia and other parts of the world. World-class talents and celebrities are participating in the event, including Fruit Chan, Lam Yat-fung, Pang Ho-cheung, Jia Zhangke among others. HKIFFS is a charitable, non-profit and non-governmental organization dedicated to the discovery and promotion of creativity in the art and culture of film. To strengthen global appreciation of Chinese film culture, promote inspiring films from around the world and commit to the development of a vibrant film culture in Hong Kong and Asia, HKIFFS organizes three annual flagship events each year in March and April, namely The Hong Kong International Film Festival, HAF and Asian Film Awards. QuamNews: Quam Limited’s Chairman Welcomes Africa-Based Imara to Join GAP Africa-based Imara Holdings Limited signed a license agreement on 8 January 2010 with Global Alliance Partners (GAP) and became the seventh member of the international network of like-minded, mid-tier stock brokers and investment banks that aim to leverage existing execution platforms to expand crossborder capabilities covering private equity, pre-IPO, share trading, research, funds management and equity placement opportunities. Bernard Pouliot, Chairman of GAP and of Hong Kong-based Quam Limited (952) said that the inclusion of Imara in the alliance comes at a very opportune time, "Imara is good for the alliance and for China. Alongside other members of GAP, we are committed to hit the ground running when an umbrella investment scheme by African countries is developed and eventually implemented." Imara is an independent and privately owned investment banking and asset management group renowned for its knowledge of African markets. The group has offices in Botswana, Malawi, South Africa, the UK and associate offices in Malawi and Zimbabwe. Its working relationship includes Stockbrokers Zambia, Namibia Equity Brokers and Mac Capital Group in Dubai, which is one of the founding members of Global Alliance Partners. The other GAP members are Quam Financial Services Group for Hong Kong and China, Capital Partners Securities for Japan, KT ZMICO for Thailand, Thanh Cong Securities Company for Vietnam, and Westminster of Hudson Securities in USA. QuamNews: Quam Limited’s JV in Jiangsu Acquires Business License Quam Limited (952) said the business license for the establishment of Suzhou QUAM-SND Venture Capital Enterprise ("QVC") was issued by the Jiangsu Industrial and Commercial Administrative Management Bureau, the PRC on 8 January 2010. QVC will operate as a venture capital fund for investing in enterprises in the PRC. Pursuant to the agreement related to the formation of JVC, the total investment of QVC will be RMB71.0 million. The capital commitments by Quam Limited will amount to RMB52.0 million. QVC will have an initial term of seven years from the date of its establishment. Quam Limited mentioned that the formation of QVC is a stepping stone identified by the group to extend the venture capital and private equity businesses in other provinces in the PRC. Moreover, the group expected that the set up of QVC will increase the its presence and provide more experience in managing venture capital and private equity businesses in the PRC, and it also helps to establish the track record of venture investment experience of the group and in turn would facilitate the growth of more business opportunities in other provinces in the PRC. QuamNews: Quam Limited Signs Framework Agreement with Xi'an State-owned Parties Quam Limited (952) said its indirect wholly-owned subsidiary signed a co-operation framework agreement with Shaanxi Provincial Venture Investment Guiding Fund Management Center ("Shaanxi Fund") and the Commission of Xi'an High Tech Industries Development Zone ("XHTZ"). This will be the second venture capital fund of Quam in China (the first foreign investment venture capital in Suzhou New District is now undergoing approval stage). Pursuant to the agreement, the initial fund size is RMB200 million which will be operated as a private equity for investing in high-tech enterprises mainly in Xi'an High-tech Zone of Shaanxi Province. A venture investment management company will be set up in Xi'an and is responsible for the fund management. Kenneth Lam Kin Hing, the Deputy Chairman of Quam Limited, is delighted for the expansion of venture capital fund in China and said, "Xi'an was a renowned city in ancient time and now becomes a cradle of high-tech companies, representing a great development potential for our fund. We strive to work closely with Shaanxi officials in the coming months to roll out the new business, bringing in satisfactory returns to our partners in the near future." Lam added, "We are happy to provide our professional financial and advisory services to dynamic enterprises that grow rapidly in Xi'an, in turn increasing the competitiveness of the local community. Our capability of bringing good company to the capital market is proven. We have done one recently in Hong Kong and the company shares were well-received by the market with public offer of more than 300 times over-subscription." Shaanxi Fund is a non-profit oriented provincial fund that managed by Shaanxi Provincial Development and Reform Commission. XHTZ is a Xi'an state-owned enterprise in Shaanxi Province, and its revenue rose more than 30% year-on-year to RMB241 billion in 2008. QuamNews: Quam Limited 1H Net Profit Surges 13.3 Times to HK$15.7 Mln Quam Limited (952) said its 1H net profit rose 13.3 times year-on-year to HK$15.7 million for the six months ended 30 September 2009. Revenue, however, fell 5.2% to HK$149 million. Earnings per share were 2.03 HK cents versus 0.14 HK cent. The board declared an interim dividend of 1 HK cent per share, compared to 0.5 HK cent per share last year. The group mentioned that the improvement in profitability was attributable to the securities and futures business that continued to perform, dividend income from the group's investment portfolio and the market sentiment recovery from the global financial crisis. Securities and futures brokerage continued to be the most important revenue driver to the group. During the period, securities and futures dealing commissions increased 9% to HK$117 million as driven by the improved market sentiment and increased activity in futures dealing due to volatility in certain futures products and commodities. Two dividend payments of a total of HK$11 million were received from Seamico Securities Public Company Limited in Thailand. The operating result of McMillen Advantage Capital Limited in Dubai improved while Capital Partners Securities Co., Ltd. in Japan recorded positive earnings so far this year. Corporate finance and advisory services revenue for the period (including inter-company services) was HK$11.7 million, and revenue generated from investment website and Quam IR was HK$10.5 million. The Quam Greater China Fund's assets under management (AUM) now stand at over US$50.0 million while a performance fee is expected in the third quarter. A fund of funds, the Quam Multi-Strategy Fund, was newly launched in April 2009 with AUM currently standing at US$12.2 million. Bernard Pouliot, the Chairman of Quam Limited, said, "Given the economy is improving with influx of hot money to Asian markets, we expect more mandates and a gradual increase of AUM in the second half of the year. Having said that, our strategy is to broaden the range of the group's products and services, particularly in the asset management, brokerage business and private equity fronts. In addition to our existing presence in Shenyang, Shanghai, Shenzhen and Ningbo, new offices in Chengdu and Xiamen will be added soon. We also look to further expand our footprint in Taiwan, as part of our Greater China strategy." QuamNews: Quam Limited Appoints Mr Moore as Independent Non-Executive Director Quam Limited (952) appointed Mr Douglas Howard Moore as an independent non-executive director of the group, as well as the members of audit committee and remuneration committee with effect from 27 October 2009. Mr Moore has extensive experience in finance, management and strategic planning. He is currently the CEO of DM family, a private investment company in Hong Kong. During 2000 to 2005, he was the CEO and executive director of Henderson Cyber Limited, a company listed in GEM Board and which was privatized in December 2005. Previously, he was a director and head of Hong Kong market of Credit Suisse Investment Advisory (Hong Kong) Limited, a subsidiary of Credit Suisse Group-Zurich. Prior to joining the Credit Suisse Group, he practiced international taxation law for 10 years. Bernard Pouliot, Chairman of Quam Limited, welcomed Mr Moore joining the group. Pouliot said, "Mr Moore has a distinguished record in the financial industry. His depth of experience will undoubtedly be valuable to our board and our businesses. Mr Moore is well placed to contribute the continued growth of Quam." QuamNews: Quam Limited's Chairman Says CEPA "Unfair for HK Brokerage Industry" Bernard Pouliot, Chairman of Quam Limited (952), said in a media briefing that CEPA is unfair for the Hong Kong brokerage industry. He mentioned, "All the Chinese brokerage companies can open in Hong Kong. They can come into the market, they can get a license, but we can't open in China, why? CEPA is supposed to defend us, CEPA defends many other sectors, but the brokerage industry is absolutely being neglected." He continued, "Not only that. Now we are facing competition from China. There are big names of securities brokers in China and yet, they can come to Hong Kong. Can we go into China? Impossible. Is that fair? I don't think so. I think that doesn't help the Hong Kong brokerage industry. The CEPA arrangement for the brokerage industry is absolutely inadequate." Talking about the ways to tackle these challenges, Pouliot mentioned that Quamnet.com, a financial website wholly owned by the group, is a window to the China market, "Anybody in China could have access to the website at anytime. We also have traditional and simplified Chinese version for the website. Not all the securities companies have that, and this serves as a way for us to defend ourselves. We also have offices in Shanghai and Shenyang, and we are establishing our presence in China." QuamNews: Quam Limited FY09 Turnover HK$297 Mln Quam Limited (952) said its turnover was HK$297 million for the year ended 31 March 2009, down 25% year-on-year. Net loss was HK$7.95 million, compared to a net profit of HK$103 million. Loss per share was 1.04 HK cents versus earnings per share of 15.25 HK cents. The board did not recommend any final dividend, compared to a final dividend of 2.5 HK cents per share. As of 31 March 2009, the group held cash and cash equivalents amounting to HK$119.4 million, compared to HK$40 million last year. The group's gearing ratio decreased by 10 percentage points to 18.6%, reflecting the group's prudent risk management. Supported by resilient futures dealing business, commissions and performance fee income derived from securities and futures dealing for the group were HK$214 million, up 3.5% year-on-year. Corporate finance and advisory services was also a bright spot of the group with revenue of HK$22.4 million. Attributable to its successful technology platform and content revamps, Quamnet website and investor relations business recorded a modest growth of more than 2% in revenue to HK$24 million. The group's Chairman, Bernard Pouliot, was confident that markets have reached the bottom while recovery is expected to take time to merge. He mentioned, "We will closely monitor our securities business and expand our capabilities to deliver a wider trading platform to include more global securities. Despite the current market pessimism, the group continues its steps forward. For example, we have launched our third fund which is a feeder fund of funds and set up a venture capital fund with a state-owned enterprise in Suzhou, China. Last but not least, our Global Alliance Partners will work hands in hands to channel deal flow and expand the distribution channels for offerings." QuamNews: Quam Limited Signs Letter of Intent with Suzhou SOE Quam Limited (952) said its wholly-owned subsidiary signed a letter of intent with Suzhou High-Tech Venture Capital Group Co. Ltd ("SZHVC"), a Suzhou state-owned enterprise. Pursuant to the letter of intent, a joint venture enterprise, Suzhou Gaohua Venture Investment Management Ltd. ("Gaohua"), which is responsible for managing the venture capital fund ("the fund"), will be established by the group and SZHVC. The fund is targeted to reach RMB800 million in total, in which RMB100 million will be raised at the initial stage. By adopting the appropriate venture capital investment techniques, the fund aims at investing in companies of high technology, high growth and high probability of going listing (usually within 2 years). Those potential invested companies will be specialised in new energy, new resources, new services, new environmental protection and new agricultural sectors etc. Gaohua will be responsible for searching and identifying potential projects, projects liaison and company restructuring, as well as providing value-added services and monitoring for post-investment. Kenneth Lam Kin Hing, the Deputy Chairman of Quam Limited, is delighted about the new initiative of the group and said, "We are honoured to establish a venture capital fund with SZHVC, a Suzhou state-owned enterprise, reflecting their recognition towards our investment strategies and prudent risk management. Suzhou is a cradle of high-tech companies as well as an ideal place for launching venture capital funds. I strongly believe, together with our experience in assets management and support from the Suzhou Municipal Government, the Fund will grow rapidly." QuamNews: Quam Limited 1H Net Profit HK$1.07 Mln Quam Limited (952) said its 1H net profit was HK$1.07 million for the six months ended 30 September 2008, down 98% year-on-year. Turnover fell 28% to HK$157 million. Basic earnings per share were 0.14 HK cents versus 8.42 HK cents. The board recommends an interim of 0.5 HK cents per share, compared to 1.5 HK cents per share last year. The group said they weathered an unprecedented global financial crisis during the period, but marked an unrealised mark–to-market loss of about HK$8.1 million for its investment in Seamico Securities Public Company Limited of Thailand which in return undermined the group's performance. The group's securities and futures dealing commissions rose by 25% to HK$107.3 million. Corporate finance and advisory services revenue (including inter-company services) rose by 9.1% to HK$13.2 million. Quamnet website and investor relations business recorded a 9.6% growth in revenue to HK$12.5 million. QuamNews: Quam Limited's Affiliate Helps Listing of 1st Chinese Company in Dubai Quam Limited (952) said that its affiliate, MAC Capital Limited ("MAC Capital"), which provides investment management, broking and advisory services in Dubai, advised on the listing of China Security & Surveillance Technology, Inc.( "CSST", NYSE and DIFX: CSR) on the Dubai International Financial Exchange ("DIFX") on 13 October 2008. This was the first listing by a Chinese company on the DIFX and also the first dual listing of a New York Stock Exchange ("NYSE") company on the DIFX. CSST was first listed in NYSE in October 2007. CSST completed its secondary listing on DIFX and closed at US$10.26 per share, or 2.49% higher than the previous closing price in NYSE, on 13 October 2008 (Dubai time), and closed in New York that night at US$11.75 per share. Bernard Pouliot, Chairman of Quam Limited, was proud of MAC Capital's efforts in setting this new record. He said, "Together with MAC Capital and other affiliates, we have built up a global alliance, and that gives us a wider exposure through which Quam Limited may take advantage. In future, Quam Limited will continue its expansion in the global context and explore investment opportunities in different markets." QuamNews: Quam Limited's Affiliate Advised First Chinese Company's Listing in Dubai Quam Limited (952) said its affiliate, MAC Capital Limited ("MAC Capital"), advised China Security & Surveillance Technology, Inc. ("CSST", NYSE: CSR) in regard to its successful application to list its shares on the Dubai International Financial Exchange ("DIFX"). CSST is principally engaged in the manufacturing, distribution, installation and maintenance of security and surveillance systems in the PRC, and was first listed in New York Stock Exchange ("NYSE") in October 2007. It expects to list its shares on DIFX around 13 October, 2008. Bernard Pouliot, Chairman of Quam Limited, was excited to know such remarkable accomplishment achieved by the group's affiliate. He mentioned, "MAC Capital's achievement proves that Quam Limited is on the right track in the midst of globalised financial markets. Quam Limited will continue its expansion overseas and capture the opportunity arising from it." Quam Limited currently holds 22.69% stake in McMillen Advantage Capital Limited, the holding company of MAC Capital, while MAC Capital itself is a member of the DIFX and regulated by the Dubai Financial Services Authority. QuamNews: Quam Limited Expects Expansion of Business Network Bernard Pouliot, Chairman of Quam Limited (952), revealed the group's plan to expand their business network to Tianjin and Taipei. He expected the plan to be completed before the end of FY09, and expected the expenditure to be about US$5 million. Commenting on the recent slowdown in the Asian financial market, Pouliot admitted that this brought certain difficulties to the group, but opportunities were also brought in, "This year is going to be a difficult one for every one who works in the equity market. Our equity business has inevitably been affected, but our futures business is doing well and will compensate for that. As equity prices go down, there will be more and more opportunities for acquisitions." Pouliot added that he was confident in the future aspect of the group, "When the market turns around, Quam Limited will be enjoying growth greater than we have before. We are now building the base for such growth." QuamNews: Quam Limited's Affiliate Acquires 25% Stake of Vietnam Company Quam Limited (952) said its affiliate, Seamico Securities Public Company Limited ("Seamico"), acquired 25% stake in Thanhcong Securities Joint-Stock Company ("TCSC") for THB165 million, and Seamico was granted the option to increase its stake in TCSC further to 49% in future. Currently, Quam Limited holds 10.0981% interest in Seamico. TCSC, located in the Ho Chi Minh City, Vietnam, was founded by Thanhcong Group, one of the top five textile and garment groups in Vietnam since February 2008. With a registered capital valued at VND360 billion, TCSC became a member of Hanoi Securities Trading Center and Ho Chi Minh City Stock Exchange in June 2008. Bernard Pouliot, the Chairman of Quam Limited, said, "We are excited to see our expansion in Asia, especially in Vietnam. Vietnam is amongst many popular emerging markets for investment. This will give our group a new source of revenue and fresh impetus for our business to leap forward. With the professional services of Quam and Seamico, we can fully utilize our expertise and create synergies through business consolidation. In view of the promising future of Asia securities market, I am confident that we will be able to capture the booming opportunities and excel in the industry." QuamNews: Quam Limited Appoints Mr Tait as Independent Non-Executive Director Quam Limited (952) announced the appointment of Mr Robert Stephen Tait as an independent non-executive director of the group, as well as the member of audit committee and remuneration committee. Mr Tait has extensive experience in the human resources aspect. He was the head of human resources, Asia Pacific of the Hongkong and Shanghai Banking Corporation Limited during October 1999 to April 2008. Previously, Tait was a director and treasurer of the Employer's Federation of Hong Kong, and the chairman of the Manpower Committee of the Hong Kong General Chamber of Commerce. He is a governor and vice-chairman of the Canadian International School in Hong Kong, and also a member of the Hong Kong Institute of Directors. Mr Tait received a Bachelor of Commerce and Business Administration from the University of British Columbia. Bernard Pouliot, the Chairman of the group, welcomed Mr Tait and mentioned, "Mr Tait has great expertise in human resources management. We treasure his valuable opinions which can finetune our business in Asia, together with enhancing our management efficiency and strengthening team spirit." QuamNews: Quam Limited FY08 Net Profit Tripled at HK$103 Mln Quam Limited (952) said its annual net profit rose 2.1 times year-on-year to HK$103 million for the year ended 31 March 2008. Turnover doubled at HK$396 million. Basic earnings per share were 16.77 HK cents versus 6.29 HK cents. The board recommends a final dividend of 2.5 HK cents per share and 1 bonus share for every 10 existing share, compared to a final dividend of 2 HK cents per share and 1 bonus share for every 5 existing shares last year. During the year, the group's commissions for securities and futures rose 1.4 times to HK$206.7 million, while placement and underwriting fee income doubled to HK$30.9 million. With current funds under management being primarily focused on China and Asia regions, revenue generated from Asset Management soared 2.95 times to HK$74.2 million. Total funds under management and advisory at year end doubled at over HK$1 billion. In the meantime, Corporate Finance completed 35 transactions with 8 deals involving M&A activity and 27 mandates related to financial advisory. The Quamnet website completed a full revamp and hardware upgrade in January 2008 and enjoyed sustained expansion in viewership, subscription and advertising. Revenue from the sector rose 7.3% to HK$23.5 million. QuamNews: Growth in PRC Mining Industry Sets Opportunities for Quam In the article "Mutual Benefits: Quam Strikes Gold in China" published in the latest issue of the China & Canada Exchange Hong Kong magazine, it was revealed that the growth of the mining industry in China would provide opportunities for Quam Limited's soon to be launch private equity business. Throughout a conversation, Garry Stein, managing director of Quam Private Equity, told the magazine his latest plan, "Initially, we're going to focus on potential transactions in the mining, natural resources and energy sectors. As well as deals within China, we think that we have the ability to help Chinese firms look for outside investments, for example, mining deals in Canada and elsewhere." Stein added that he accepted that Quam Limited was a relatively small firm, but this allowed the group to look for the more interesting, niche-market deals that do not attract larger firms. QuamNews: Quam Limited's Deputy Chairman Winter Attends HKSI Event Richard Winter, Deputy Chairman of Quam Limited and chairman of Hong Kong Securities Institute Research Committee (the "HKSI Research Committee"), attended the media event which released the findings of "HKSI Research: Grooming of Talents in the Financial Industry". During the event, Winter commented on the survey result that, "The young people of Hong Kong, especially budding professionals, should pay attention to these findings. Technical and hard skills are important. However, having a broad perspective, being aware of what is happening in the financial industry and other parts of the world, and strengthening their communication skills would add considerably to their portfolio and employment prospects." HKSI commissioned the Centre for Public Policy Studies of Lingnan University in September 2007 to conduct a study on the manpower gap in the financial industry. The survey showed that employers in the financial industry encountered difficulties in hiring suitable professionals, and highlighted a shortage of talent especially in compliance, product development and marketing, as well as operations and support functions. Winter added, "Going forward, the HKSI will reflect the findings to relevant government bureaus and institutions. At regional and global levels, the institute will capitalise on its established network and communicate with our counterparts such as Securities Association of China, Malaysia's Securities Industry Development Center & UK's Securities & Investment Institute for joint programmes." QuamNews: Quam Limited Inaugurated Shenyang Representative Office Quam Limited (952) inaugurated its representative office in Shenyang on 1 March. The Shenyang representative office was set up by Quam Securities, an indirect wholly-owned subsidiary of the group, which was the first foreign brokerage firm to open a representative office in the north-eastern China. Quam Limited, HKex (388) and Nasdaq are the three foreign financial companies authorized by the Shenyang government to set up a representative office last year and the group is the first foreign brokerage firm to open a representative office in Shenyang. The representative office is located at the central business district of Shenyang and is principally engaged in non-direct business activities such as securities and futures advisory services, liaison, market research and publicity. QuamNews: Quam Limited Disposes Non-core Biz for HK$31.2 Mln Quam Limited (952) has disposed the whole of its 25% stake in Verify Limited for a consideration of HK$31.2 million. The disposal generated a capital gain of about HK$28.9 million. In addition to the favourable valuation and strong cash inflow, the transaction enables Quam to consolidate and focus on its core financial business. Verify Limited is the second largest background screening firm in Asia and based in Kuala Lumpur, Malaysia and with offices in India, Hong Kong, Japan and China. QuamNews: Quam Limited Increases Stakes in Two Affiliates, Expands Presence in Global Markets Quam Limited (952) said it would increase its shareholding in two of the group's affiliates, namely 5,600 shares in Capital Partners Securities ("CPS") and 2.905 million shares in McMillen Advantage Capital Limited ("MAC"). The considerations were HK$12.17 million and HK$29.18 million respectively, which would be satisfied partly by the issue of new shares and partly by cash. The group convened a SGM on 31 January 2008 and the acquisitions were approved. Upon completion, the group's shareholding in CPS, a Japanese securities company, would increase from 0.77% to 5.45%, while that in MAC, an investment management company with interests in securities broking and investment banking in the United Arab Emirates, would increase from 6.81% to 22.93%. Bernard Pouliot, Chairman of the group, said the acquisitions would further expand the group's market presence in the global financial markets, and facilitate its strategic development and overseas cooperation. Apart from that, the group would also be enabled to expand its business outside Hong Kong, minimize the risk of reliance on a single market and broaden its revenue stream. QuamNews: Quam Limited 1H Net Profit Rose 3.3 Times at HK$55.2 Mln Quam Limited (952) said its 1H net profit rose 3.3 times year-on-year to HK$55.2 million for the six months ended 30 September 2007. Turnover rose 1.6 times to HK$217 million. Basic earnings per share were 9.26 HK cents versus 2.46 HK cents last year. The board recommends an interim dividend of 1.5 HK cents per share, unchanged from last year. The jump in revenue during the period was mainly attributable to the growth in the securities booking and placement sector and the asset management sector. Revenue in the securities booking and placement sector rose 1.7 times to HK$112 million, while that of the asset management sector rose 17.6 times to HK$66.3 million. The asset management sector became the largest profit contributor of the group and contributed a profit of HK$32.1 million, up 50 times as compared to the same period of last year. As for the wealth management website, monthly ARPU rose 20% to HK$251, and the number of subscribers rose by 30% to about 6,500. The sector recorded a profit of HK$2.57 million, turning around from a loss of HK$3.72 million last year. The group's corporate finance team closed 15 transactions and embarked upon several new significant projects during the period. The financial advisory side of the business also continued to grow in terms of both business volumes and headcount. The continuing strengthening of the group's track record in the mid-market has resulted in an upturn in dealflow referred from the international investment banks in this sector. QuamNews: Quam Limited Increases Shareholding in Seamico to 4.02% Quam Limited (952) said it acquired a further of 524,200 shares of Seamico on 6 November 2007 through its subsidiary Quam Securities. Together with prior acquisitions, Quam Securities acquired a total of 33.5 million shares of Seamico for a total consideration of THB131.3 million (about HK$30 million), representing 4.02% of its issued share capital. Enlisted in Thailand, Seamico is principally engaged in securities business, which includes brokering, trading, investment advisory, underwriting, on-line securities trading and derivatives trading. It recorded a net profit of about HK$35.6 million for the year ended 31 December 2006, and a net profit of about HK$8.9 million for the nine months ended 30 September 2007. QuamNews: Total AUM of Quam Asset Management Hits US$113 Mln by End Aug Quam Asset Management, a subsidiary of Quam Limited, has US$112.99 million in assets under management as of 31 August 2007, compared to US$33.43 million as of 31 December 2006. Its Quam Greater China Segregated Portfolio generated net return of 56.63% year-to-date. QuamNews: Quam Limited's Affiliate Licensed to Trade on the Abu Dhabi Market MAC Sharaf Securities (U.A.E.), a stock broker and an affiliate of Quam Limited, was fully licensed to trade on the Abu Dhabi Market. Currently, they have been licensed to trade on the Dubai Financial Market since February 2007 and to sponsor IPO's on the Dubai International Financial Exchange since December 2006. Quam Securities, a subsidiary of Quam Limited, is an international shareholder of Mc Millen Advantage Capital, a 49% shareholder of MAC Sharaf Securities (U.A.E.). QuamNews: Total AUM of Quam Asset Management Over US$100 Mln by End July Quam Asset Management, a subsidiary of Quam Limited, has US$100.28 million in assets under management as of 31 July 2007, compared to US$33.43 million as of 31 December 2006. Its Quam Greater China Segregated Portfolio generated net return of 52.41% year-to-date. QuamNews: Quam Limited Optimistic in Growth Earnings In review of expansions in the previous year, Quam Limited said they were eyeing for a greater contribution from recurrent incomes that might take up 50% of the overall revenue. One of the strategies included the revamp of their wealth management website "Quamnet.com", and the management expected advertising income to increase when the revamped website launches in October. Besides, the group saw a 'significant growth' in its securities business as the stock market extended its winning streak. As a measure to lower investment risks in a single market, the group spread their business around numerous countries around Asia including Japan, Thailand, Singapore and Dubai. QuamNews: Quam Limited's Subsidiaries Set Up New Office in Central District Quam Group is pleased to announce the opening of an additional office at 6/F Fung House, 19-20 Connaught Road Central, Central District which will house the Quam Wealth Management operations and part of the Quam Securities operations. Kenneth Lam, Deputy Chairman of Quam Limited, attended the ribbon-cutting ceremony hosted by the group's company secretary and CFO Kevin Sew Hoy. QuamNews: Quam Group's Thai Affiliate Seamico Has Been Named "Best Equity House" in Thailand by FinanceAsia magazine FinanceAsia, the world famous financial monthly magazine that focuses on Asia and its capital markets, named Quam group's affiliate Seamico as the "Best Equity House" in Thailand in her July publication. The magazine pointed out that Seamico managed to complete the US$15 million IPO of Jasmine Telecom Systems, which was one of the top 10 deals in Thailand during the period under consideration. Besides, Seamico brought a total of 4 companies to the market within this quiet period, when no other houses, including the international banks, managed more than 2 deals. QuamNews: Quam Limited's Affiliate Acquires "Key" from Dubai Biz Arm In the July issue of FinanceAsia, MAC Sharaf Securities (U.A.E.), a stock broker and an affiliate of Quam Limited, was said to be a crucial partnership for Mc Millen Advantage Capital Limited (MAC) as the joint venture would bring in local business relationships, network and trust. Quam Group holds a small interest in Mc Millen Advantage Capital Limited (MAC), a 49% shareholder of MAC Sharaf Securities (U.A.E.). QuamNews: QuamFunds' Manager Expresses Strategies in Institutional Investor magazine Vincent Lam, manager of Hong Kong-based QuamFunds, expressed his strategies in fund management in the July/ August 2007 issue of Institutional Investor magazine. Commenting on Shenzhen Investment (604), Vincent mentioned that he increased his stake to 11.5% of the fund's holdings in March 2006 when Joe Zhang was appointed as the chief operating officer, which Vincent viewed as a catalyst for the stock. However, a certain amount of stake was pared this year to take profit, since he saw greater risk in the company's new strategy of using debt to expand in the PRC property market. QuamNews: Quam Limited Donates HK$250,000 to World Widelife Fund (WWF) and becomes a Double Diamond Member Quam Limited joined the Corporate Membership Programme 2007 of WWF and donated HK$250,000 in July 2007, hence becoming the Double Diamond Member of the programme. The donation reflects the high attention that Quam Limited pays towards the natural environment and further confirms its intention to be an active participant in that field. QuamNews: Total AUM of Quam Asset Management Over US$86 Mln by End June Quam Asset Management, a subsidiary of Quam Limited, has US$86.47 million in assets under management as of 30 June 2007, compared to US$33.43 million as of 31 December 2006. Its Quam Greater China Segregated Portfolio generated net return of 40.33% year-to-date. QuamNews: Quam Limited FY07 Net Profit Up 272% at HK$33 Mln Quam Limited's annual net profit rose 272% year-on-year to HK$33 million for the year ended 31 March 2007. Turnover rose 84% to HK$192.1 million. Basic earnings per share were 11.31 HK cents versus 3.28 HK cents. The board recommended a final dividend of 2 HK cents per share, no final dividend was declared last year. During the year, securities and futures dealing commissions rose 95% to HK$85.9 million, while income from corporate financial advisory services rose 107% to HK$26.1 million. Asset management revenues recorded a 300% growth to HK$18.8 million. In addition, revenue from the Quamnet website business rose 13.6% to HK$20.1 million. With over 6,000 paying subscribers, average monthly ARPU for the business was HK$242. The group is optimistic of its continued growth along with the continued strength of the Asian financial markets. The group has also set aside considerable capital expenditure for a revamp of the Quamnet website which includes an upgrade of both the systems, hardware and content. The group expects the first phase of the revamped website to be launched in October 2007. QuamNews: Quam Limited's Japanese Affiliate Completes a US$84 Mln Placement in Japan Quam Group affiliate, Capital Partners Securities Company Limited (CPS), Japan completed a US$84 million placement of the Kazakhstan Fund in the Japanese market. CPS is making use of its strong distribution capability in Japan through offices in Tokyo, Osaka, Fukuoka and Sapporo. QuamNews: Quam Limited's Deputy Chairman, Richard Winter, Was Invited Speaker at the Forum on China Private Equity Richard Winter, Deputy Chairman of Quam Limited, was invited at the first China International Private Equity Forum held in Tianjin, PRC. During the event, he spoke about valuations, investments and acquisitions for small and medium sized Chinese enterprises. Approved by the State Council and hosted by the Tianjin Municipal People's Government, the All China Federation of Industry & Commerce and the Association for Corporate Growth (ACG), the forum was held from 6 to 8 in June 2007 at the Tianjin Binhai International Convention Center. Attendees were provided with the opportunity to meet with pre-screened private Chinese companies that were seeking for foreign investments, as well as deal makers successful experience in China. QuamNews: Quam Limited's Japanese Affiliate Turns Around in FY07 Results Quam Group affiliate, Capital Partners Securities Company, Limited, Japan reported an annual net profit of close to US$10 million for the year ended 31 March 2007, reversing from a net loss in the same period last year. Capital Partners Securities Company Limited is comprised of an investment banking section, a portfolio sales section and a product division. Shareholders are Quam Limited, Mitsubishi Corp. Capital Limited, and NIS Group Co. Limited as well as the management. QuamNews: Quam Securities Facilitates US$50 Mln CBs Issue of AIM-Listed Green Dragon Gas Quam Securities, a subsidiary of Quam Limited, acted as co-facilitator with UBS in the issue of convertible bonds by AIM-listed Green Dragon Gas. The zero-coupon bonds due 2009 have a conversion price of US$5.56 per share, which represented the placing price of Green Dragon Gas's ordinary shares when it was listed on AIM of London in August 2006, and a 9% discount to the closing bid on 31 May 2007. The US$50 million CBs were issued to an institutional investor and the transaction was completed on 1 June 2007. QuamNews: Quam Limited's Deputy Chairman Richard Winter Appointed to the Listing Committee of the Stock Exchange of Hong Kong and the Takeovers Panel of the Securities and Futures Commission Richard Winter, Deputy Chairman of Quam Limited, was appointed as a Listing Committee Member of the Main Board and Growth Enterprise Market of the Stock Exchange of Hong Kong (388). The appointment commenced on 18 May 2007. In June 2007, Richard Winter was also appointed as a member of the Takeovers and Mergers Panel and Takeovers Appeal Committee of the Securities and Futures Commission. QuamNews: Quam Limited's Executive Directors Reconfirmed on Thai Brokerage Firm's Board Bernard Pouliot and Kenneth Lam Kin Hing, Chairman and Deputy Chairman of Quam Limited respectively, were reconfirmed on the board of Thai-brokerage firm Seamico Securities Public Company Limited ("Seamico") at its latest AGM in May 2007, and Bernard Pouliot was nominated as Chairman of the firm. Established in 1974, Seamico is one of the top local brokerage firms in Thailand in terms of market turnover. Over the years, Seamico has evolved from a brokerage firm into a diversified financial services company offering securities trading, investment banking and investment advisory services. QuamNews: Quam (H.K.) Limited Appoints New Managing Director Quam (H.K.) Limited, a subsidiary of Quam Limited and owner of the website www.quamnet.com, appointed Christopher Justice as its new Managing Director with effect from 10 April 2007. Christopher takes over responsibility for Quamnet, Hong Kong's leading finance portal, and QuamIR, which provides traditional and online IR services to listed companies in Hong Kong and China. Christopher has a wealth of experience in finance and venture capital as well as strategy and business development, Christopher is also experienced in Internet media in Asia. In 1996, he started scmp.com, an award-winning Internet site of the South China Morning Post Publishers Group, and subsequently co-founded Asiacontent.com, an Internet media and advertising company which was successfully listed on Nasdaq in early 2000. QuamNews: Quam Securities Facilitates HK$200 Mln Share Placement and Quam Capital Completes M&A transaction for Matrix Holdings Limited Quam Securities, a subsidiary of Quam Limited, entered into a placement and subscription agreement with Matrix (1005) and its major shareholder to place 108 million shares on a best effort basis for a 2.5% commission on the gross proceeds. Placing price of the shares was HK$1.81 per share, a 9.5% discount to the closing price of HK$2.00 on the last trading day. Part of the HK$195 million gross proceeds would be used for funding the acquisition of the Funrise Group, which was arranged by fellow subsidiary Quam Capital. The Funrise Group is principally engaged in the design, sales and distribution of toys under proprietary and licensed brands in the United States. QuamNews: Quam Limited Places 30 Mln New Shares for HK$24 Mln Quam Limited placed 30 million new shares at a price of HK$0.80 per share. The placing price represented the closing price on the last trading day, 2 March 2007. The new shares represent about 9.28% of the enlarged share capital. The net proceeds of about HK$23.5 million were utilized for general working capital purposes of the group. QuamNews: Quam Limited's Affiliate Licensed to Trade on the Dubai Financial Market (DFM) MAC Sharaf Securities (U.A.E.), a stock broker and an affiliate of Quam Limited, was fully licensed by the Emirates Securities and Commodities Authority to trade on the Dubai Financial Market. Quam Group holds a small interest in Mc Millen Advantage Capital Limited (MAC), a 49% shareholder of MAC Sharaf Securities (U.A.E.). QuamNews: Quam Limited Celebrates its 5th Anniversary of Becoming an Integrated Financial Services Provider Quam Limited (952), an integrated financial services provider since 2001, celebrated its 5th anniversary on 18 December at the Hong Kong Club, Central District. The group's Chairman Bernard Pouliot, Deputy Chairmen Kenneth Lam and Richard Winter were present in the cocktail session. Over 150 professionals in financial industry joined the cocktail. Guests include senior officials from investment banks, securities firms and many other business affiliates. Media representatives also participated in the event. A series of strategic acquisitions was done in 2001 and the group is now comprised of several renowned Hong Kong businesses, including Quamnet.com, Quam Capital, Quam Securities, Quam Investor Relations and Quam Asset Management. QuamNews: Quam Capital Acts as Financial Advisor of SEL in Disposal of Equity In the disposal of entire equity by Sinochina Enterprises Limited (SEL) (owner of Igorˇ¦s Group) to Chevalier Pacific (508), Quam Limited's subsidiary Quam Capital acted as the group's financial advisor. Consideration for the disposal was not more than HK$200 million. SEL, known under the trade name as "Igor's", has 20 restaurant outlets in operation including "Wildfire", ˇ§Stormy Weatherˇ¨ and "The Boathouse" in prime dining destinations in Hong Kong such as Lan Kwai Fong and Soho. QuamNews: Quam Joins Hands with Equity Group Quam Limited (952)'s business unit QuamIR joins hands with Equity Group to enhance business in online investor relations. QuamIR is engaged in providing online platform to display information of clients and provides instant upload of listed company information. Equity Group is a renowned financial printer which provides professional translation and printing services. A cocktail for celebrating the launch of the co-operation as well as the 20th anniversary of Equity Group was held this Wednesday (29 November 2006) at Exchange Square in Central district, Hong Kong. Bernard Pouliot and Dr. Lau Wah Sum, chairman of Quam and Equity Group respectively, both showed optimism towards the co-operation. QuamNews: Quam Group Commences Wealth Management Business Quam Group has set up a new business unit, Quam Wealth Management for the new business of wealth management. Operations commenced in November 2006. The new division provides services ranging from insurance broking and financial planning to wealth and investment management and risk protection through a unique one-stop platform, helping clients to achieve their personal and family financial objectives. Quam Wealth Management also offers MPF and employee benefits services to corporate clients. QuamNews: Quam Data Services Merges with Verify of Hill & Associates Quam Group agreed with Hill & Associates, a risk management & business intelligence consultancy firm, to merge their respective pre-employment screening operations. The merged entity would trade as "Verify Screening Solutions" and would offer a 'one-stop-shop' screening and credit data verification service to multinational clients across Asia. In addition to providing customers with more resources and expertise, the merger would allow the entity to be complemented geographically. The Verify Group has operations in Hong Kong, Malaysia, and India. QuamNews: Quam Capital (Holdings) Limited Sets up Representative Office in Shanghai Quam Capital (Holdings) Limited, the intermediary holding entity for major financial services of Quam Limited, sets up a representative office in Shanghai on 11 April 2006. The office, Quam Capital (Holdings) Limited Shanghai Representative Office, would provide business contacts for investment advisory business and promote the services of the Quam Group. QuamNews: Quam Limited Sets Up WOFE in Shanghai Quam Limited sets up a wholly-owned foreign enterprise (WOFE) "Lik Ka Investment Advisory Services (Shanghai) Co. Limited" on 23 March 2006. The WOFE would provide advisory service on investment, business, corporate management and marketing strategy. QuamNews: Quam, HK Hotels Sponsor Harbour Day This Sunday Quam Limited (952) said it is sponsoring the Hong Kong Harbour Day to be held this Sunday (Nov. 13). The Peninsula Hong Kong, an arm of the Hongkong & Shanghai Hotels (45), Sino Group, Swire (19, 87) and the Wharf (4) are some of the other sponsors. The event is the first ever land-sea-air programme to offer the general public a 360-degree panoramic view of the Victoria Harbour. Among the programs is "Quam Limited Harbour Day Runs" which begins at the old Kai Tak Airport at 9:00 local time. The 5-km race is flat and fast on sealed roads around the Oriental Golf City course and driving range, overlooking the harbour. With Secretary for Home Affairs Dr. Patrick Ho as Patron, the event is supported by the Home Affairs Bureau, Leisure and Cultural Services Department, Marine Department, Hong Kong Police Force, Hong Kong Tourism Board, Harbour Business Forum and Harbour-front Enhancement Committee. QuamNews: Yusei Ends 15.8% Higher on 2nd Day; Quam as Joint Sponsor Yusei Holdings (8319) rose a further 15.8% to close at HK$1.54 today on its second day of listing. Established in 1992, Yusei is a designer and maker of plastic injection moulds and a manufacturer of plastic components. Its clients include Fuji Xerox Co. and Matsushita Electronic Industrial Co. Quam Capital, a subsidiary of Quam (952), is one of the joint sponsors for the listing. Richard Winter, head of Corporate Finance at Quam Capital, said the listing marked the growing link between two of the biggest economies in Asia. According to a survey conducted by the Ministry of Economy, Trade and Industry of Japan in July 2004, sales of Japanese companies' overseas affiliates hit a record high of 145 trillion yen, up by 4.8% from 2003, with China recording a high sustained growth of 11.5%. Furthermore, Japan's investment amount in China rose by a remarkable 23.3% from 2003. Yusei's IPO was priced at HK$1.25 per share. QuamNews: Quamnet's Analysts to Meet Visitors at Financial Expo Quam (952) said it participates in the Financial World Expo 2005, a three-day event between 7th and 9th October 2005 at the Hong Kong Convention and Exhibition Centre. Analysts from QuamResearch and Traders Corner including Henry Chan, Victor Tsang and Rico Lam will be sharing their market insights with visitors at 12:00 - 16:00 on 8th and 9th October at Hall 2B, Booth C08. Quamnet, a subsidiary of Quam, is a financial website providing financial advisory services, real-time stock monitoring and wealth management content to users. Quamnet Hosts Wealth Summit to Share Views on Gold, Stocks, Forex & Ppt Impact from the Hong Kong Disneyland development has already been reflected in the residential market in Tung Chung district, the neighborhood of the theme park, and transactions in the district may slow a bit in the future, said Victor Cheung, deputy chairman of Midland Realty. Cheung was speaking to about 500 audience at the "DIY Wealth Summit" organized by Quamnet, a subsidiary of Quam Limited (952), yesterday. Cheung said residential property in the district has already risen about 16.9% so far since the end of 2004. In the meantime, the retail, tourism and hotel industries all have benefited from the Hong Kong Disneyland's scheduled grand opening this September. In the first half of 2005, there were over 3,300 registered commercial transactions in Hong Kong, exceeding the number in the first half in 1997 when the property was in a boom. Other guest speakers of the event included FXCM Asia research head James Cheung, Goldman Sachs executive director Cheril Lee, Midland Wealth Management chief executive officer Sidney Sze and Quam Asset Management director Vincent Lam. |
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