Monvest Appoints Renell Listing Bank and Marketplace Maker Upgrades Frankfurt Listing Strategy to Entry Common
Frankfurt (PRWEB) December 29, 2011
Monvest Inc. (Monvest), an entertainment, leisure and travel business that operates the National Lottery of Mongolia appointed Renell Wertpapierhandelsbank AG (Renell) as Listing Applicant Bank and market place maker. Monvest is in line to turn into the first Mongolian Group to do a principal listing on the Deutsche B?rses Frankfurt Stock Exchange (FWB). Renell joins Listing Partner Salans, a major German law firm, to manage the Monvest listing on the FWB Open Industry.
The Renell appointment comes as the Monvest response to a December 20, 2011 announcement by Deutsche B?rse AG to not list any shares or certificates representing shares on the Initial Quotation Board any much more till additional discover due to suspected market manipulation. Renell will function with Monvest on a answer that is expected to culminate in listing on the FWB Entry Common in first quarter 2012.
Deutsche B?rse has made it clear that it is concerned by the level of transparency on the FQB, says Nixon Yap, Founder and Chairman of Monvest. In response Monvest has decided to push for an Entry Standard listing on the FWB, which comes with a much greater level of transparency and reporting needs. As the initial Mongolian Group to list on FWB we have to reach the highest level of standards to make investors comfortable in this hard marketplace environment.
Yap notes that Monvest chose Renell to support its listing plan as Renell is a major bank when it comes to handling FQB and Entry Normal listing transaction in Frankfurt. Renell has completed a number of listing in Asia and we are proud to work with them on this project. In addition, the Renell prowess as a industry maker is most important for our share liquidity management program.
Monvest Group commenced its National Lottery operations in mid-2011. Monvest is in the approach of completing the Phase I roll-out of 150 lottery distribution outlets in the nations capital of Ulan Bator. Another 150 lottery outlets are slated to be onstream by mid-2012. Two lottery games are currently launched by Monvest, a 6D Jackpot and a 6/42 Lotto.
Listing Team Excellence
In 2010, Renell was the market place leader for FQB listings with 65 cases. As a major broker and Xetra (on the web trading) specialist, Renell handles 2,500 transactions every day for enterprises like Deutsche Borse AG, Commerzbank AG, Heidelberger Druckmaschinen AG , Prada and SolarWorld AG. Renell boasts 15 Xetra marketplace specialists for the 200 order books it manages on the FWB, 30 of which are on the Prime or Common Common.
Asian listings have become far more and a lot more essential in recent years to the FWB and we are dedicated to generating these projects function, states Marc Renell. As a family members enterprise in our personal right, we recognize the way Asian entrepreneurs believe. We and believe that we can serve them properly for all their demands in Frankfurt. Monvest is a very good case in point.
In Asia, Renell has completed four Chinese listings, such as Asia Growth Venture (investment company), Shang Dong Fu Yang Green Timber AG (investment business), Shanghai Cheng Beng (auto accessories) and Jufeel Heng Chang Precious Metal Renewable Resource AG (investment company). Two of the biggest projects Asian were for Sejong Investment PLC of South Korea and Vasseti (UK) Plc. of Malaysia.
Renell has a global presence with admittance to some 85 stock markets worldwide. In clearance and settlement, Renell works closely with BNP Paribas, the sixth largest bank in the planet.
Frankfurt Capital Market
Frankfurter Wertpapierb?rse (FWB), also recognized as the Frankfurt Stock Exchange, is one of the world’s largest securities trading centers with a tradition that dates back over 400 years. With a share in turnover of far more than 90%, it is the largest of Germany’s seven stock exchanges. Deutsche B?rse AG operates the Frankfurt Stock Exchange.
FWB is the world’s third biggest trading exchange, ranked only behind the New York Stock Exchange (NYSE) and NASDAQ. Frankfurt Stock Exchange is home to public organizations from over 80 various countries with businesses from North America producing up virtually 40% of the total listings, like more than 3,200 from the US alone. A lot more and much more firms from countries like the US, Canada, Australia, the UK, India, China pick FWB over their property country’s stock exchange.
Frankfurt is a logical step for Monvest to bring its story to the global investment community, added Yap. We see FWB as a steppingstone into the European capital market place, and, in spite of the current financial ills, there is no denying that Europe boasts one particular of the worlds biggest pools of capital. European investors also have a historic worldwide outlook that makes it possible for them to embrace nations like Mongolia.”
Monvest, Inc. was incorporated in the US to invest in entertainment, travel and leisure businesses. The concentrate of Monvest is to develop operations in Mongolia, where it owns and operates the National Lottery. In Mongolia, Monvest businesses include Modern Capital Vest LLC, a lottery management firm, and BizINVIN LLC, holder of the National Lottery license.
For more data please contact:
David Lake, GCC Capital Markets
E mail: davidlake(at)finance-media(dot)com
Disclaimer : This press release and data contained therein are not to be interpreted regardless of whether or not in Germany or abroad, and specially not in the US, Canada or Japan as an supply or an invitation to obtain shares in Monvest Inc. or in any other listing automobile Monvest group might pick for its planned listing in Germany. This press release is of a purely informative character. The info contained is directed exclusively at persons and organizations with their spot of residence or company in Germany. In connection with the planned listing in Germany, shares in Monvest Inc. or in any other listing vehicle Monvest group may select for its planned listing in Germany, will not be publicly supplied to investors in Germany or other countries in any instance, specifically not to those in the US, Canada or Japan.