Tsuen Wan International: Astra Mining set for IPO on Frankfurt exchange.

June 10, 2011 - PRLog -- Australia headquartered Astra Mining Ltd. will be available for trading on the Frankfurt Stock Exchange and has retained the services of Gebo Equity Management Pty Ltd. and Stepping Stone Equity Pty Ltd, as joint consultants, to assist Astra Mining with its initial public listing, Tsuen Wan International has learned. The listing agreement is unconditional but still requires approval by Astra shareholders.


Whilst numerous commercial projects are expected to be completed by Astra over the coming months, including its joint venture to produce gold in Vietnam and its joint venture to produce coal in Nigeria, the firms directors believe with the help of the private equity companies, it would be a favourable time in the short term to list a UK public listed vehicle on the Frankfurt Stock Exchange.


‘Listing on the Frankfurt Stock Exchange will benefit all shareholders due to the greater reach the European stock market has, which will result in increased visibility for the company, the ability to access capital markets and the increased efficiency of trading. There is the intent that the company may dual list in the future, however this is yet to be determined,’ Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd. Told Tsuen Wan International.


An emergency general meeting of Astra will be called before to the close of the 2011 financial year at which the directors will seek the approval of its shareholders for the share swap of the Astra shares for shares in the listed vehicle company on a one for one basis. At this general meeting, a full account of the proposed listing will be provided by the directors to the shareholders.

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Tsuen Wan International is a leading independent investment company, based in the heart of Hong Kong. Tsuen Wan International offers a variety of investment products for institutional, corporate and high net worth investors in equity debt and FX markets.