Lead All Investments is the latest shell planning to join Aim.
Cayman Islands-based Lead All (http://leadallinv.com/home.htm) wants to acquire multi-level marketing businesses with a focus on online distribution, especially businesses focused on Asia Pacific. The intention is to make five investments in 18 months. Management believes that there are opportunities to take stakes in companies that have been hit by economic conditions in the past few years.
Lead All will raise £3m at 10p each and be valued at £3m.
Chairman Nasri Rahim is experienced in the multi-level marketing sector. Non-executive director Richard Berry, who is 76 years old, spent 16 years at Kleeneze and is a former chairman of the UK Direct Selling Association.
Former Hichens Harrison finance director Brian Rowbotham is the other non-executive director. He is also a non-executive director of Teliti International.
The shareholder base is dominated by Asian names with significant shareholders accounting for 68% of the company.
The expected admission date is 7 February.
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