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Alpha Returns Group plc (ARGP)

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Monday 16 November, 2015

Alpha Returns Group plc

Further re Disposal

Further re Disposal

Alpha Returns Group plc
(the "Company" or "Alpha Returns")

 16 November 2015

Further re Conditional disposal of Riche Bright Securities Limited ("RB Securities")

Further to the announcement made on 2 November 2015, Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to update that Hzone Holdings Limited has satisfactorily completed its nine business day due diligence in respect of its conditional purchase of RB Securities. The disposal of RB Securities by the Company's 70 per cent. owned joint-venture investment vehicle Riche Bright Group Limited remains subject to conditions precedent that the purchaser, (or its nominee) obtains approval from the Hong Kong Securities and Futures Commission ("HKSFC") to become a substantial shareholder of RB Securities and no breach of warranty prior to Completion. The long stop date for satisfaction of the conditions precedent has been agreed at 30 April 2016.  

For further information:

Alpha Returns Group plc  Christopher Neo
Executive Director
020 3286 6388
ZAI Corporate Finance Ltd (NOMAD) Peter Trevelyan-Clark / Ivy Wang 020 7060 2220
Peterhouse Corporate Finance (Broker)  Duncan Vasey / Lucy Williams  020 7220 9797

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alpha Returns Group plc via Globenewswire


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