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| Wednesday, 27 October 2010, 19:30 HKT/SGT | |
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Source: Quam Limited | |
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HONG KONG, Oct 27, 2010 - (ACN Newswire) - Global Alliance Partners announced that AU$10,000,000 in capital has been raised for leading Australian healthcare company, Healthzone Ltd ("Healthzone", Stock Codes: ASX: HZL; OTCQX: HLTZY), by its member firms Quam Limited ("Quam", Stock Code: 00952.hk), a Hong Kong-based financial services group, and KT ZMICO Securities, a market leader in Thailand.
Healthzone is Australia's largest health and wellness retailer, distributor and brand business listed on the Australian Securities Exchange. Healthzone owns the Aurinda vitamin brand established in China for more than 12 years and is today retailed through over 1,600 locations across China. Healthzone also owns the Healthy Life wellness retail brand operating 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 2,500 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."
As a result of the strategic approach that Global Alliance Partners undertook in relation to the capital raise, the result for Healthzone achieved far more than AU$10 million in new funds. Healthzone, through the Global Alliance Partners, got introduced to strategic investors, not the least of which was the now largest single Healthzone shareholder Eu Yan Sang, which was introduced by Quam.
Eu Yan Sang is Asia's leading Traditional Chinese Medicine (TCM) retailer listed on the Singapore Stock Exchange. It was founded in 1879 and today Eu Yan Sang is a household name across Asia with substantial brand recognition and is recognized as the most trusted brand in the TCM market.
Mr Peter Roach said, "The strategic connection of Healthzone with Eu Yan Sang has been game-changing for Healthzone as the strategic alliance formed through GAP will accelerate its international growth in China and the Asean region. Due to the synergies of our respective companies we are now positioned for rapid expansion in the China market which is much larger than our respective home markets."
Global Alliance Partners, of which Quam is a founding member, is an international network of financial services companies employing over 1,500 investment professionals dedicated to delivering innovative solutions for our 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.
Contact:
Ms. Coy Roldan
Direct Tel : +852.221.728.91
Mobile Tel: +852.981.988.97
Coordinating Executive
Global Alliance Partners (GAP)
"Bridging the gap in the world market"
Email: coyroldan@globalalliancepartners.com
Director of Group Marketing & Communications
Quam Financial Services Group (HKSE: 0952)
"One partner, One purpose, One passion - YOU."
Email: coy.roldan@quamgroup.com
Topic: Loans & Financing
Source: Quam Limited
Sectors: Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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