Advent Oriental, Sustainable Energy Asia announce Initial Private Offering

Oct. 18, 2009 - PRLog -- Shanghai: After several weeks of negotiation, Larry Bortles the chairman of the well known Renewable Energy company  Sustainable Energy Asia announced today that the Shanghai based Private Equity firm Advent-Oriental Asset Management is to handle their first time Private Placement of 5 million shares.

The chairman of Advent-Oriental, David St John-Morris said, “It is a well known fact that we have been working along side SEA for some time now. We know them to be an established, solid, profitable and well managed company with some great contracts already in place with various provincial governments in China.”

An unamed source close to both companies was heard to say that “With Advent-Oriental's history, don't be surprised to see a successful IPO in the not too distant future!”

The initial Private Placement will be offered at $1 (USD) per share with the funds being raised to build upon SEA's already successful business model and to further increase their profitability.


About Advent-Oriental Asset Management

Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889 by Maj Gen Sir John Leopold Advent MC KCB. Burma was at that time an annex of India under the rule and administration of the British “Raj”.
 A highly decorated career soldier and nearing the end of his military service, Sir John had an Indian bride and substantial holdings in the Bengal region. Upon retirement, his purpose and intent was to form a company that would assist and advise retiring officers and men in investing their gratuities, pensions and assets wisely and prudently, in order that they may live out their retirement in comfort and security and so, Advent-Oriental Asset Management was born.
 Upon the death of Sir John in 1899, the company decided to open its doors to servicemen and civilians alike whilst continuing to honor Sir John’s basic tenet of “Wisdom and Prudence” and in 1962 moved operations to Singapore because of the political situation that was developing in Burma.
 Two further moves were to follow; Hong Kong Island in 1966 and finally, Shanghai in 2004 where our center of operations is now located.
The focus since 1991 has been on the now fashionable “green” technology sector in sourcing, researching and identifying opportunities in companies that are either developing, producing or manufacturing alternative energy solutions, ecologically friendly waste management & disposal systems– and their ancillaries.

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Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889. Now based in Shanghai,and focussing on the“green” technology sector