global market group limited announces first day of dealing on aim
(22 june 2012, london) global market group limited (“gmg” or “the company”) – the only b2b e-commerce service provider in china focused on providing export marketing services for high-quality, independently audited manufacturers in china – announced its admission to trading today on the aim london stock exchange. the company, which connects manufacturers in china with buyers from all over the world through its online marketplace , raised £9.7 million at £1.30 per ordinary share (the "placing"), giving it a market capitalisation of approximately £127.1 million on admission.
gmg, an investee of china everbright’s china special opportunity fund iii, has grown into a profitable, cashflow-positive business since its inception in 2002, with an online marketplace that has become an efficient platform trusted by accredited chinese manufacturers and international buyers. the company’s proprietary global manufacturer certificate (“gmc”) certification process and standard is increasingly being recognised as a symbol of quality among international buyers sourcing products from china and manufacturers looking to differentiate themselves in the market. in the year ended 31 december 2011 gmg generated revenues of us$37.1 million. its customers included 3,712 chinese manufacturers and 903,800 registered buyers.
china everbright currently has four private equity funds and three venture capital funds under its direct investment arm, all focusing on pre-ipo enterprises with strong growth potential. a total of 34 investment projects have been completed thus far. projects under the china special opportunity funds i and ii that have previously been listed and are generating returns for investors include china techfaith, china high speed transmission, goldwind science & technology, china sunshine paper, isoft stone and being mate. china special opportunity fund iii, established in late 2010 with a fund size of usd 400 million, focuses on agricultural, consumer and retail businesses in the mainland. two investment projects – china outfitter and beijing jingneng – were recently listed on the main board of the hong kong stock exchange.
