🕐10.11.10 - 08:54 Uhr

LHKX PLC signs partnership agreement to co-brand and integrate the IAX platform.



LHKX PLC signs partnership agreement to co-brand and integrate the IAX platform. London, 9th November 2010.

London Hong Kong Exchange Plc (“LHKX PLC”) confirms that it has signed a partnership agreement with the Illiquid Assets Xchange (“IAX”) to co-brand the IAX platform and integrate it as an additional product and service through the LHKX Platform.

IAXs business is to develop, promote and operate an industry-standard solution - a regulated secondary market platform operating through an auction format.

The new IAX platform will enable professional investors and participants to trade in a wide range of illiquid assets in the IAX single centralized marketplace and will create liquidity options for sellers of both equity stakes and other types of illiquid assets, for example: - Loan portfolios, - Bankruptcy estate assets, - Land, property and construction projects, - Mineral resource reserves, - Private equity shareholdings.

- Large shareholdings in Illiquid stock exchange listed companies The IAX platform will provide an exit route for investments, which are currently unsupported by a vibrant secondary market. The marketplace currently in EMEA for the purchase and sale of illiquid assets is characterized by huge inefficiencies.

A number of trading facilities exist for specific classes of illiquid assets, in particular private equity shareholdings.

However, currently there are many asset classes for which there remains no transparent secondary market.

In addition, there is a lack of a centralized market place where a wide community of participants can access a broad portfolio of opportunities in different asset classes.

IAX believe there is a significant opportunity to develop and operate a comprehensive internet-based platform to enable professional investors across Europe to trade in a full range of illiquid assets in a centralized marketplace. LHKX Vice Chairman Mr Philip Reid commented “Through its partnership with IAX, LHKX is opening up a new investment toolbox for professional investors and capital market participants, and it is envisaged that LHKX in partnership with IAX will be able to create products and services to enable the retail investor to participate in the IAX secondary market.

” About LHKX PLC: London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products to empower the qualified investor.

LHKX’s strategy is to give the investor control over their investments.

http://www.lhkx.com For further queries please contact: LONDON HONG KONG EXCHANGE PLC 37th Floor One Canada Square Canary Wharf London E14 5AA United Kingdom Tel: +44 20 7 193 3853 Email: The information in this press release constitutes "forward-looking information".

Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors.

There can be no assurance that such statements will prove accurate.

Results and future events could differ materially from those anticipated in such statements.

Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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