Nordic Asia on its way to the stock exchange

2021-11-15Nordic Asia
Följ oss på: TwitterLinkedInYoutube

This news item refers to the press release published on 2021-11-15 at 07.00, which can be read in full on Nordic Asia's Investor Relations page under Press & News.

NOT FOR PUBLICATION, DISTRIBUTION OR DISCLOSURE, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION, DISTRIBUTION OR COMMUNICATION WOULD BE UNLAWFUL. OTHER RESTRICTIONS APPLY.

On November 15, 2021, Nordic Asia Investment Group 1987 AB (“Nordic Asia” or “Company”) announced through a press release its intention to list on the Nasdaq First North Growth Market. In connection with the listing, Nordic Asia also intends to make a new issue of B shares, where the issue proceeds are intended to be used to increase Nordic Asia's positions in existing portfolio companies and to invest in new companies.

Nordic Asia's board and management believe that a listing of the Company's B shares on Nasdaq First North constitutes a logical and important step in the Company's future development. The listing is expected to create opportunities for continued growth, increase the Company's financial flexibility and broaden the Company's ownership base.

The offer is expected to bring Nordic Asia approximately SEK 200 million before transaction costs, with the possibility of expanding the offer by a further maximum of SEK 100 million in the event of possible oversubscription through an extension option. Partner Fondkommission is Sole Global Coordinator and Bookrunner, Nordnet Bank AB is Selling Agent and Advokatfirman Lindahl AB is legal advisor to the Company. Depending on market conditions, the Offer and Listing are expected to be completed during the fourth quarter of 2021 around December 16. For further information, refer to the press release that was published on the Company's Investor Relations page.

Comments regarding the company's listing from the CEO and Board:

Yining Wang, CEO & Board Member

“I am proud to announce our intention to list Nordic Asia on Nasdaq First North. Our goal is for Nordic Asia to be the Nordic investor's long-term cornerstone for investments in the Asian and especially the Chinese market, where we want to offer simple and transparent ownership via a Swedish investment company. We want to have a close dialogue with our investors with ongoing updates where we share about the market development and about our portfolio companies.

Our journey has only just begun and I look forward to investing together with our shareholders in and owning future growth companies in China's growing consumer market"

Michael Thurow, Chairman of the Board

"Nordic Asia is unique. The composition of people in the company and the network in both the Nordics and China really constitute a unique arrangement, where you are close to both markets. I am very impressed by what the company has achieved in a short time, which is a result of partly the competent team, as well as the market demand for this type of product.

I look forward to being part of Nordic Asia and contributing to its continued growth as the Nordic investor's obvious investment choice in China.”

Jonas Olavi, Board member

"As an investor, I have always had a good eye and great interest in the Chinese market, which has come to constitute an increasingly large part of the world economy. However, it is noticeable that we need more knowledge and exposure to this market, and in particular to the domestic consumption trend that has become China's new growth engine. Many exciting companies with innovative business models and clear economies of scale have been created in this market.

It will be extremely exciting to be part of Nordic Asia's journey as a new Swedish investment company. With access to a local analysis team in China and with the opportunity to invest when the companies are still in a growth phase, Nordic Asia has the right conditions to succeed.”

The offer in brief

  • The offer will be directed to the public, institutional investors and existing shareholders in the Company.
  • Full terms, directions and instructions for the Offer will be included in the prospectus expected to be published by the Company in connection with the Offer.
  • Upon publication, the prospectus will be available on the Company's website.
  • The offer is expected to consist of newly issued B shares in the Company.
  • Through newly issued B shares, the Offer is expected to provide Nordic Asia with a gross cash flow of approximately SEK 200 million, before deductions for costs related to the Offer.
  • To cover a possible oversubscription in connection with the Offer, the company's board has the option to issue additional B shares corresponding to a maximum of SEK 100 million through an expansion option. The price for shares upon exercise of the extension option will be the same as the price in the Offer.
  • Nordic Asia intends to use the net cash to primarily increase the Company's positions in existing portfolio companies but also to invest in new companies.
  • Depending on market conditions, the Offer and Listing are expected to be completed during the fourth quarter of 2021 around December 16.

Full terms, directions and instructions for the Offer will be included in the prospectus expected to be published by the Company in connection with the Offer and then available on the Company's website www.nordicasiagroup.com, Partner Fondkommission's website www.partnerfk.se, Nordnet Bank AB's website www.nordnet.se and Avanza Bank AB's website www.avanza.se.

More information
For further information, refer to the press release published on the Company's Investor Relations page.

About Nordic Asia
Nordic Asia is a Swedish investment company with a focus on investments in primarily listed Chinese companies that focus on domestic consumption. The company's business concept is based on applying an investment model for long-term strategic ownership of listed companies with a focus on the growing Chinese consumer market. Nordic Asia has around twenty portfolio companies divided between core holdings and growth companies. The company invests in listed companies that are listed in Shanghai, Shenzhen, Hong Kong and the United States, and that have a market capitalization of at least USD 1 billion.

Through its strategic ownership in underlying portfolio companies, the company intends to create a good return for its shareholders over time. The company was founded by second-generation Swedish-Chinese with strong connections to both Sweden and China. Nordic Asia has access to a local team in Shanghai with good knowledge of the local market and access to a broad business network that supports the Company's core business.

Följ oss på: TwitterLinkedInYoutube

Interested in learning more about Nordic Asia?

By submitting this form you consent to your data being processed and stored by Nordic Asia in accordance with our privacy policy.

Kontaktinfo
General questions

Telefon: +46 (0)76 559 32 48

E-mail: ir@nordicasiagroup.com

Hong Kong
Nordic Asia Investment Group 1987 AB
20/F, Leighton Centre, 77 Leighton Road,
Causeway Bay, Hong Kong
Stockholm

Nordic Asia Investment Group 1987 AB

C/O Vindskontoret

Nybrogatan 11, 6tr

114 39 Stockholm

Shanghai

Nordic Asia Room 4219

Yin Cheng Middle Road No. 8

Pudong New Area, Shanghai