EQS Group Takes Over TodayIR
EQS Group AG / Key word(s): Acquisition/Strategic Company Decision
14.04.2014 10:00
Dissemination of a Corporate News, transmitted by DGAP - a company of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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EQS Group Takes Over TodayIR
EQS Asia becomes a leading provider in Hong Kong
Munich / Hong Kong - 14.04.2014
EQS Group (ISIN: DE0005494165) has acquired 100% of the shares of Online
Investor Relations- and news service provider TodayIR Holdings Limited
(TodayIR) paving the way for further growth in Asia. Serving around 400
clients TodayIR is one of the leading providers for Online Investor
Relations in Hong Kong and emerging in other Asian capital markets.
TodayIR designs and manages IR websites, produces webcasts and operates the
important finance information portal www.todayir.com. Furthermore, TodayIR
possesses a license of the Chinese Information Authority for the
distribution of financial news to Chinese media. During fiscal year 2013/14
TodayIR has achieved revenues of approximately EUR 1.4 million generating a
positive operating result. The purchase price is about EUR 4.5 million. One
third of the financing is provided by own capital resources and two thirds
from an acquisition loan provided by Commerzbank Munich. A capital increase
is not required.
Achim Weick, EQS Group AG's CEO stated: "We are very pleased to swiftly
gain a significant market position in Asia by the acquisition of TodayIR.
This is entirely in line with our strategy to become a leading
international provider."
Founded by Terry Chau and Vicky Pang, TodayIR has been active on the Asian
market from 2007. TodayIR has around 40 employees at the Hong Kong
headquarters and the other subsidiaries in Shenzhen, Singapore and Taipei
(Taiwan). TodayIR has excellent access to issuers planning an IPO in Hong
Kong, around 700 companies strive towards the Chinese stock market.
Terry Chau, TodayIR's Founder and Managing Director stated: "With EQS Group
we have found a strong global partner to successfully further develop our
Online Investor Relations business and to offer our current and prospective
clients numerous new solutions and products. I am looking forward to
contributing my expertise and market knowledge in the coming years as part
of the Management-Team."
Marcus Sultzer, Managing Director EQS Asia, stated: "It is our goal to
become the no. 1 service provider for Online Investor Relations in Asia.
EQS Group's international expertise as a premium service provider and
TodayIR's local market knowledge is the ideal combination. Being a one stop
shop for Online Investor Relations we can fulfill the customers' needs to
the very best level."
Further notifications
You can also instantly receive free company notifications of EQS Group AG
on your mobile device. We will inform you via text messages and offer news
downloads to your smart phone. Please register under the investor relations
section at www.eqs.com.
About EQS Group
Serving more than 7,000 international customers, EQS Group is the leading
provider of online corporate communication services.
For Investor Relations and Corporate Communications services, leading
companies from Europe, Asia and North America use our web solutions, all
from a single source. In addition to services aimed at ensuring companies
comply with statutory requirements, the EQS service range includes
dissemination of corporate news and press releases, development of
financial portals, websites and apps, streaming of audio and video
webcasts, and the creation of online financial reports.
The market leader since its establishment in 1996, the Deutsche
Gesellschaft für Ad-hoc-Publizität mbH or DGAP (a 100% EQS subsidiary) is a
vital institution for publicly-listed companies' compliance with statutory
requirements.
Through its subsidiary Financial Markets & Media GmbH (100%) and a
strategic holding in ARIVA.DE AG (25.44%), the EQS Group offers services
for B2C investor relations, financial data and online advertising in the
financial sector.
The EQS Group employs 200 employees at its offices in Munich, Kiel,
Hamburg, Zurich, Moscow, Hong Kong, Shenzhen, Singapore and Taipei
(Taiwan).
Contact:
Robert Wirth
EQS Group AG
Seitzstraße 23
D-80538 München
Tel.: +49 89 21 02 98 - 34
Fax: +49 89 21 02 98 - 49
E-Mail: robert.wirth@eqs.com
www.eqs.com
Contact Asia:
Marcus Sultzer
EQS Asia Ltd.
23/F, One Island East, 18 Westlands Road,
Hong Kong, SAR
Tel.: +852 9853 0389
E-Mail: marcus.sultzer@eqs.com
www.asia.eqs.com
14.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EQS Group AG
Seitzstraße 23
80538 München
Germany
Phone: +49(0)89 210298-0
Fax: +49(0)89 210298-49
E-mail: info@eqs.com
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Listed: Freiverkehr in Berlin, Düsseldorf, München (m:access),
Stuttgart; Frankfurt in Open Market (Entry Standard)
End of Announcement DGAP News-Service
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