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euro adhoc: AvW INVEST AG / AvW increases investment in CASH FSG (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

The AvW Group has increased its shareholding in the Chinese one-stop financial services provider Cash Financial Service Group. The AvW Group now holds 2.5% of Cash FSG and will be increasing its shareholding to around 4%.
Cash FSG was hived off in December 2000 from the listed company Celestial Asia Securities Holding, and is one of the finest and most innovative investment houses in Asia. CASH FSG is listed on the Chinese Growth Enterprise Market (GEM) in Hong Kong.
Based on the high cash holdings of over HKD 400 million at CASH FSG, which is more or less Asia’s equivalent of MLP, Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management, is expecting CASH FSG to effect a takeover on the Chinese financial services market, in order to further expand its impressive growth in turnover from HKD 89 million in 2001 to HKD 196 million in 2002.
AvW’s strategic aim is to distribute our alternative investment product, the AvW Index®, which is listed on the Frankfurt Stock Exchange, directly in Asia through competent Chinese investment houses.
The ordinary shares (AVWI.VI) of the Austrian financial services and investment company AvW INVEST AG are listed on the ATX Prime Market of the Vienna Stock Exchange; the preference shares (AVWI_p.VI) are listed on the Auctions Market.

Further inquiry note:
Mag. Alexandra Anthofer
Tel: +43(0)4229 3621
FAX: +43(0)4229 2386
Email: a.anthofer@avw.at

Emittent: AvW INVEST AG Hauptstrasse 118 AT-9201 Krumpendorf Tel: +43(0)4229 3621 FAX: +43(0)4229 2386 Email: a.anthofer@avw.at WWW: www.avw.at ISIN: AT0000930409 WKN: 093040 Indizes: Prime.market Börsen: official dealing Wiener Börse AG; free trade

end of announcement euro adhoc

Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse Branche: Financial & Business Services
Sprache: Englisch