LHKX Capital AG has concluded an agreement to acquire the Illiquid Assets Exchange business Zurich, 16th December 2010.

LHKX Capital AG confirms that it has concluded an agreement to acquire the UK Company Illiquid Assets Exchange Plc (“IAX”).

LHKX Capital AG’s acquisition of the IAX business follows on from the partnership agreement signed between London Hong Kong Exchange Plc (LHKX PLC) and IAX on 9th November 2010 to co-brand the IAX platform and integrate it as an additional product and service through the LHKX Platform www.lhkx.com.

LHKX PLC holds a majority shareholding in LHKX Capital AG.

This acquisition transaction substantially strengthens LHKX Capital AG’s position as a niche capital market service provider and the management believe it will enable LHKX Capital AG to become a premier niche capital market service provider worldwide.

IAXs vision is to develop, promote and operate an industry-standard solution to enable professional investors to trade in a wide range of illiquid assets in a single centralized marketplace, providing an exit route for investments which are currently unsupported by a vibrant secondary market, including ⁻ Private equity funding ⁻ Debt and equity instruments ⁻ Private equity shareholdings ⁻ Corporate finance transactions ⁻ Real estate transactions ⁻ Real estate funding ⁻ Mineral resource reserves ⁻ Commodities 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.

The LHKX management believes that 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.

The management judge that even though competition exists in certain of IAX’s business areas, there is no directly comparable player in IAX’s market landscape, due to the integrated approach combined with the comprehensive nature of the IAX offering.

LHKX Capital AG Chairman Mr Philip Reid commented " Working in tandem with the developing platforms of LHKX, LHKX Capital AG through the acquisition of IAX is capable of developing routes to liquidity and/or capital for asset owners that could transform traditional methods" For further queries please contact: LHKX Capital AG Gartenstrasse 17 8002 Zürich Web: www.lhkxcapital.com 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.
NEWSLETTER REGISTRIERUNG: Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach: http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044984836 Mitteilung übermittelt durch IRW-Press.com.

Für den Inhalt ist der Aussender verantwortlich.

Kostenloser Abdruck mit Quellenangabe erlaubt.