Registered in England and Wales. Company registration number: 04034645
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This site complies with Rule 26 of the AIM Rules for Companies. This website is owned by Merchant House Group Plc and hosted by Tinderhouse Limited. This section was updated on 3 November 2008.
19 March 08
Merchant House Group PLC
19 March 2008
19 March 2008
Merchant House Group PLC
( ‘MHG’ or the ‘Company’)
Singapore corporate finance arm marks latest restructuring step
Merchant House Group plc, the AIM listed merchant banking business, is taking a
49% stake in a new venture aimed at bringing Singapore, Hong Kong and Malaysian
companies to the London market.
The new company, Merchant Capital Pte Ltd (MCPL), based in Singapore and which
will trade in the region as Merchant Capital Singapore, has already a number of
potential clients involved in computer manufacturing, hotel television content,
education and food distribution to explore the possibility of their listing on
PLUS.
Merchant House Group will own 49% of MCPL, a new company with minimal issued
share capital and the balance of 51% will be held by the local management team.
MCPL will be managed by Adam Chan and Tony Sanichara, who bring extensive
corporate finance experience ranging from venture capital to M&A management as
well as an invaluable knowledge of the Asian market. It is envisaged that MCPL
will introduce business to MHG’s corporate finance business, Merchant Capital,
in London.
Tony Sanichara, Director of MCPL, said: ‘In two years, the Singapore small cap
market (SESDAQ) will be changing. There are over 150 companies listed on this
exchange which will need to seek admission to the main board or secure a sponsor
for the CATALIST board the new, sponsor supervised successor to SESDAQ, and is
part of the Singapore Stock Exchange. This might prove a barrier for some of the
smaller, fast growing companies currently on SESDAQ’.
MHG Chairman, Martin Eberhardt, said: ‘We see this as the next important step in
the restructuring and consolidation of the group. MCPL will see opportunities in
The establishment of MCPL is the latest in a series of recent moves initiated to
broaden the corporate and merchant banking services provided by Merchant House
Group by utilising its new business model which has been devised to increase
revenue and operating margins through revenue sharing partnerships that will
function on a low cost basis.
Within the past few weeks, MHG has also announced its link with Merchant Legal
LLP and the formation of Merchant Wealth Management Ltd, together with the
restructuring of the corporate finance activities of Merchant Capital. Last
week, the company announced a fundraising in order to build a broking and
fundraising business.
Along with Merchant House Finance Ltd, a leasing and asset finance joint venture
of which MHG holds 49%, the group is now positioned to offer full cycle finance
services ranging from fund-raisings and PLUS listings as corporate advisors,
through to wealth realisation and management.
For further information contact:
James Holmes, Director, Merchant House Group plc: 020 7332 2200
Allan Piper, First City Financial Public Relations: 020 7242 2666
Alex Borrelli, Shore Capital and Corporate Limited: 020 7408 4090
Tony Sanichara has an MS in Finance and an MBA. He has worked for number of
companies in different parts of the world including as a CEO of Nashua Global
Services Pte Ltd and as a Senior Vice President of Foundation Technology Corp
Inc.
Adam Chan was educated at Universities in Australia and Japan. He has been a
business development executive responsible for corporate channel development and
in 2005 was appointed CEO of IE English sdn bhd to oversee a corporate
restructuring.