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Yangtze China Investment Ltd

  • BY: Andrew Hore |
  • POSTED: 13/12/2010 |

China-focused investment company Yangtze China Investment Ltd has invested $3.74m in V2 International Vision Photography, which provides professional photographic services.

Yangtze focuses on consumer-related businesses and V2, where Yangtze has the equivalent of a 27.5% fully diluted stake, fits in with this strategy. V2 focuses on wedding and portrait photography from ten owned and franchised sites. Expenditure on weddings is expected to grow in China.

Beauty spa franchise Aesthetic International Holdings remains the main investment. Aesthetic is still considering a flotation in China but the timing of this move is uncertain. Yantze is also considering other ways of realising at least some of its investment.

The other two investments are Arigata Holdings Inc, known as Onbest, which develops point of sale technology for cash registers and handheld cash machines, and Creative Picture Development, which has developed display technology that transforms 2D images into 3D images.

The net asset value fell slightly to $0.93 a share by the end of September 2010.

The outlook is positive because China should continue to achieve double digit growth.

In May 2008, Yangtze raised $25.4m gross at $1 a share but management had hoped to raise nearer to $100m. Yangtze still has $1.8m in the bank and it want s to raise more cash to help it to widen its portfolio of investments.

At $1.12 a share, Yangtze is valued at $28.6m. 

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