Re Joint Venture

Empresaria Group PLC 07 December 2005 Empresaria Group plc Investment in staffing company in China Empresaria Group plc ('Empresaria' or 'the Group') is pleased to announce that it has today invested in Aston HR Consulting Ltd ('Aston HR') a UK start up company which will itself enter into a joint venture with an established Shanghai based HR consulting and staffing company. Empresaria has agreed to invest £250,000 by way of equity and loan into Aston HR Consulting Ltd ('Aston HR'), a new UK company in order to acquire a 49% interest in Tian Yun Human Resources Co. Ltd an established Shanghai based staffing company which will operate under the Aston HR brand. Empresaria is co-investing with the new management team of the Chinese company to contribute a total collective investment of £300,000. The Aston HR management team is led by Juliet Newett, who was born and raised in Shanghai before gaining over eight years financial services recruitment experience in London. The company will focus initially on supporting the international business community operating in China with particular initial focus on financial services and IT sectors. Miles Hunt, Chief Executive of Empresaria commented: 'The investment in Aston HR represents a further step along the path towards creating a balanced, international specialist staffing group. Investing in the rapidly expanding China market with its emerging staffing sector provides opportunities for accelerated growth and also further develops our strategy of diversifying operations, and therefore risk, across different international markets.' For further enquiries please contact: Empresaria Group Plc 01293 649 900 Tony Martin (Chairman) Miles Hunt (Chief Executive) Nick Hall-Palmer (Finance Director) Bridgewell Securities Limited 020 7003 3000 Nick Tulloch Notes for editors: Empresaria Group plc is a diversified recruitment group built on a philosophy of management equity through organic growth, investment in start-up businesses and providing funding for management buy outs within the staffing sector. Empresaria was formed in 1996 by Miles Hunt and consists of 21 staffing companies. Its business model, allows founder managers and key staff within Empresaria's subsidiaries to acquire or retain a meaningful stake in the businesses they run or work in. Empresaria currently provides specialist recruitment services across five sectors in the UK; namely: 1. Construction, Property Services & Engineering; 2. Supply Chain; 3. Public Sector; 4. Financial Services; and 5. Specialist Brands. In addition, Empresaria is actively expanding internationally and has established operations in both the US and Japan. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings