Asia Capital sells insurance, commodities trading stake
Asia Capital PLC has sold its stake in Asian Alliance (53%) and Asia
Siyaka (40%) as they felt these two companies had matured sufficiently
and the time was right to sell both entities.
The Group now plans to focus more on its core business of securities
and credit and hopes to expand rapidly and gain further market share.
Asia Capital is looking at the possibility of acquiring troubled
securities companies and finance companies to merge and expand their
current already very powerful base. Asia Asset Finance has been
expanding geographically into the north and east and the credit growth
in the country will make Asia Asset Finance grow rapidly.
They further intend to expand the leisure sector with plans to build
new properties in the East and South, based on the success of its
current properties and their current land portfolio.
Asia Digital will be looking into the possibility of purchasing new
technology to expand its movie business, which is expected to add
significantly to the company's bottom line. Digital entertainment is a
brand new line of business which is a vision of the Group Chairman and
he plans to create a complete digital network based on this new
technology. |