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New Trend Lifestyle (NTLG)

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Thursday 28 June, 2012

New Trend Lifestyle

First Day of Dealings

RNS Number : 3066G
New Trend Lifestyle
28 June 2012
 



28 June 2012

 

New Trend Lifestyle ("NTL" or "The Company")

 

 

First Day of Dealings

 

 

New Trend Lifestyle, the specialist Feng Shui consultant , is pleased to announce the admission today of its ordinary shares to trading on the AIM market of the London Stock Exchange and the commencement of dealings in its ordinary shares under the ticker NTLG.

 

NTL has raised £1 million before expenses through a placing of new ordinary shares at 8p per share. At the placing price, New Trend Lifestyle has a market capitalisation of £8 million on admission.

 

 

About New Trend Lifestyle

 

The Company was founded in 2005 by Grand Master Hilary Phang and is now one of the leading branded Feng Shui consultancies in Asia. NTL is based in Singapore where it has its head office, seven retail outlets as well as six distributors established in China where the Company has entered into a brand licence agreement with a local company in Guangzhou and six outlets are operated under the brand licence.

 

NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations.  These have recently been complemented by Tarot Cards readings and an on-line dating service using Feng Shui principles.

Their clients include a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers which leads to the provision of a number of products and services. There is a high level of repeat business and in 2011 over 70 per cent. of turnover was accounted for by returning customers.

Feng Shui is endemic  in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a profitable business with a strong brand and deep-seated cultural drivers.

 

Use of proceeds

 

The proceeds will provide the Company with the opportunity to bolster growth in Singapore, accelerate expansion into the Chinese markets while promoting the Company's new range of products and services.

 

Listing on AIM allows the Company to promote themselves in the international arena as well as to operate in a regulated environment.

 

The additional funds will also provide the Company with the resources to incentivise and retain key staff.   

 

Current Trading

New Trend Lifestyle has grown strongly and in 2011 made a profit of £1.4m on revenue of £6.1m. The Directors are continuing to see strong growth in the year to date and look forward to the future with confidence.

 

Zeus Capital is acting as the Nominated Adviser and Broker to the Company.

 

 

 

For further information:

 

New Trend Lifstyle PLC                                                                                 0207 653 9850

Robert Goddard, Chairman

Lawrence Cheung, CFO

James Tan, Non Executive Director

 

Zeus Capital (NOMAD and broker)                                                           0161 831 1512

Ross Andrews, Brian Stockbridge - corporate finance

John Goold - institutional sales                                                                020 7016 8912

 

Newgate Threadneedle

Alex White/ Heather Armstrong                                                              020 7653 9850

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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