XCast Entertainment N. V. / IPO
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Rotterdam, 15.10.2008. XCast Entertainment has been informed by their majority shareholders that a letter of Intent has been signed with York Star Co. Ltd based in Hong Kong concerning their listing on the Frankfurt stock exchange. As part of the listing York Star. Co. Ltd. aims to raise € 5 Mio equity by July 2009.
York Star Co. Ltd. was established in 1982 and is a high quality
manufacturer of fashionable handbags, wallets and related products. The list of brands York Star is working with goes from Hugo Boss and Abro in Germany to Bally in Switzerland, Givenchy in France as well as Prada and Moschino in Italy. The production line was moved from Hong Kong to Dongguan in 1982. The Dongguan factory covers 150,000 square feet with 1,000 employees. Sales outlets are based in Shanghai, Bejing, Chengdu, Harbin, Dalian, Nanjing and Zhongqine.
In the business year ending March 31, 2008 York Star Co. Ltd. reported Sales of $509 Mio and the Accumulated Profits carried forward were HK$ 19,4 Mio.
Basic Claims Data
Name: XCast Entertainment N.V.
Sector: Listed shell
ISIN:
NL0000686657WKN: AoLA9C
Member Code: XCE
Market Segment: Open Standard
Class: Bearer Stock
Face valued: without face value
Fiscal Year: 01.01 – 31.12.
Contact
XCast Entertainment N. V.
Corkstraat 46
3047 AC Rotterdam
Netherlands
Fon +31 10 20 85 914
Fax +31 10 20 85 999
info@xcastcorp.com
www.xcastcorp.com15.10.2008 Financial News transmitted by DGAP