China Growth Opportunities Limited is registered in Guernsey,
is self managed, and is listed on the UK's AIM Stock Market
The Company's objective is to provide shareholders with capital growth and income from investing in a portfolio of companies whose business operations are based in China. The Company will seek to invest as sole or lead investor in profitable, well-managed real estate and retail orientated businesses whose business operations are based in China.
The Investor intends to utilise its resources and contacts in Hong Kong and China in order to generate deal flow and actively manage investments. Although there are no limits on the proportion of the Company's net assets which may be invested in any particular investment, the Directors will seek to ensure that the Company has a spread of investments. Investments are expected to be held for between approximately three to five years.
The Company will hold its investments through special purpose vehicles ("SPVs"). Borrowing may be undertaken at the SPV level and investments may initially be highly geared.
Rhys Davies (Executive Chairman)
Rhys is a General Partner of Damille Partners, which he established in October 2008 with Brett Miller (with each holding a 50% partnership interest).
Rhys is also an Executive Director of Damille Investments Limited, Damille Investments II Limited and Damille Partners Limited. Rhys also presently serves as the Non-Executive Chairman of Loudwater Trust Limited, Rapid Realisations Limited, an AIM quoted Guernsey registered investment company, and EIH plc, an AIM quoted Isle of Man registered investment company.
Rhys holds degrees from the University of Wales, Cardiff, and Imperial College, London, as well as the CFA designation.
Kevin McCabe (Executive Director)
Kevin is the founding director of the Scarborough Group of companies ("Scarborough Group") and has been its chairman since inception. Kevin has over 40 years' experience in the commercial property sector. The Scarborough Group was founded in 1980 and is a group of independent businesses with real estate, investment and leisure interests in the UK, Central Europe, North America, Australia, India and China, including Hong Kong. The Scarborough Group's interests have diversified to include, inter alia, a global investment portfolio in excess of £1.0 billion.
Kevin is chairman of many of the Scarborough Group companies and is the chairman of Sheffield United plc.
The Company is managed by the Board of Directors, which consists of two Executive Directors.
Board Responsibilities
The responsibilities of the Board of Directors are set out below:
- Determination of the Company's Investing Policy and overall responsibility for the Company's activities including the review of investment activity and performance;
- Ensuring that commercial and regulatory risks and financing needs are properly considered and that the obligations of a public company are adhered to; and
- Implementing appropriate corporate governance standards and overseeing the effectiveness of the Company's system of internal control.
As part of the Company's internal control structure, the Board has set up an Audit Committee, Management Engagement Committee and a Nomination Committee. The committees comprise all of the Directors.
Investor Relations
AIM Rule 26
The following information is disclosed in accordance with Rule 26 of the AIM rules.
(Last updated: 03/01/2014)
Description of Business and Investing Policy
Please follow the link below for a description of the business.
About CGO
The names of the directors and biographical details
Please follow the link below for the names of the directors and brief biographical details of each.
Board of Directors
Directors' responsibilities and board committees
Please follow the link below for a description of Directors' responsibilities.
Board of Directors and their committees
Country of incorporation and main country of operation
The Company is a closed-ended investment company domiciled and incorporated as a limited liability company in Guernsey. As the Company is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. CGO's main country of operation is China.
Memorandum and Articles of Incorporation
Please follow the link below for the Memorandum and Articles of Incorporation.
Memorandum and Articles of Incorporation
Details of any other exchanges or trading platforms
The Company's ordinary shares (code: CGOP) and warrants (code: CGOW) are traded on AIM. The Company is not listed on any other exchanges or trading platforms.
Number of securities in issue
There are 70,000,709 ordinary shares of the Company in issue.
Percentage of the Company's issued share capital that is not in public hands
In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 60.98%.
Details of any restrictions on the transfer of securities
There are no restrictions on the transfer of securities.
Company Shareholdings
The Company has been notified, in accordance with the Disclosure and Transparency Rules, of the following shareholdings amounting to 3% or more of the ordinary capital of the Company.
At 3 January 2014, the Company had received notification of the following substantial shareholders::
| Funds Managed By | Number of Shares | % of Issued Share Capital |
|---|---|---|
| Scarborough Holding Company | 20,000,000 | 28.57% |
| Damille Partners and Damille Partners II | 13,751,920 | 19.65% |
| Weiss Asset Management | 8,934,336 | 12.76% |
| Newton Investment Management | 6,602,612 | 9.43% |
| The Photo Distribution Ltd Retirement Benefits Scheme | 5,475,796 | 7.82% |
| Mr Duncan Hall | 5,150,000 | 7.36% |
| Schroder Investment Management | 2,437,272 | 3.48% |
Financial information
Please follow the link below for access to the Company's annual and half-yearly reports.
Reports
Company announcements
Please follow the link below to access notifications made by the Company in the past 12 months.
Regulatory News
Advisors
| Registrar | Administrator, Secretary and Registered Office |
|---|---|
|
Capita Registrars (Guernsey) Limited
PO Box 627 St Peter Port Guernsey GY1 4PP |
Elysium Fund Management Limited
1st Floor Royal Chambers St Julian's Avenue St Peter Port Guernsey GY1 3JX Tel: +44 1481 810 100 Email: [email protected] |
| Nominated Adviser and Broker | Independent Auditors |
|
N+1 Singer
One Bartholomew Lane London EC2N 2AX Tel number: 0207 496 3000 |
PricewaterhouseCoopers CI LLP
Royal Bank Place 1 Glategny Esplanade St Peter Port Guernsey GY1 4ND |
| Guernsey Legal Adviser to the Company | English Legal Adviser to the Company |
|
Mourant Ozannes
1 Le Marchant Street St Peter Port Guernsey GY1 4HP |
Stephenson Harwood
1 Finsbury Circus London EC2M 7SH |
2013
Half Yearly Report and Financial Statements for the Period Ended 30 September 2013
Annual Report and Financial Statements for the Year Ended 31 March 2013
2012
Half Yearly Report and Financial Statements for the Period Ended 30 September 2012
Annual Report and Financial Statements for the Year Ended 31 March 2012
2011
Half Yearly Report and Financial Statements for the Period Ended 30 September 2011
Annual Report and Financial Statements for the Year Ended 31 March 2011
2010
Half-Yearly Report and Financial Statements for the Period Ended 30 September 2010
Annual Report and Financial Statements for the Year Ended 31 March 2010
2009
Half-Yearly Report and Financial Statements for the Period Ended 30 September 2009
Annual Report and Financial Statements for the Year Ended 31 March 2009
2008
Half-Yearly Report and Financial Statements for the Period Ended 30 September 2008
Annual Report and Financial Statements for the Year Ended 31 March 2008
2007
Half-Yearly Report and Financial Statements for the Period Ended 30 September 2007
Annual Report and Financial Statements for the Year Ended 31 March 2007
2006
Half-Yearly Report and Financial Statements for the Period Ended 30 September 2006
25/11/13
Half Yearly Results
04/11/13
Holding(s) in Company
30/10/13
Share Price Movement
20/09/13
Result of AGM
14/06/13
Posting of Annual Report
11/06/13
Final Results
17/01/13
Holding(s) in Company
18/12/12
Holding(s) in Company
07/12/12
Adviser Change of Name
22/11/12
Half Yearly Results
16/10/12
Holding(s) in Company
21/09/12
Result of AGM
07/09/12
Holding(s) in Company
05/09/12
Holding in Company
16/08/12
Exercise of Warrants
16/08/12
Holding(s) in Company
10/08/12
Holding(s) in Company
03/08/12
Holding(s) in Company
16/07/12
Holding(s) in Company
25/06/12
Holding(s) in Company
20/06/12
Director/PDMR Shareholding
19/06/12
Final Results
08/06/12
Director/PDMR Shareholding
07/06/12
Holding(s) in Company
06/06/12
Holding(s) in Company
31/05/12
Holding(s) in Company
28/05/12
Results of EGM
23/05/12
Holding(s) in Company
14/05/12
Holding(s) in Company
03/05/12
Proposed Subscription and Return of Capital
29/11/11
Half Yearly Results
23/09/11
AGM Statement
30/08/11
Change of Registered Office
04/08/11
Final Results
28/07/11
Return of Capital
08/06/11
Return of Capital
24/03/11
Update re China CDM
08/02/11
Final date for Warrant Exercise
20/01/11
Holding(s) in Company
17/01/11
Holding(s) in Company
17/01/11
Holding(s) in Company 2
17 01 11
Holding(s) in Company 3
17/01/11
Director PDMR Shareholding
13/01/11
Return of Capital and disposal
07/12/10
Half Yearly Report
16/11/10
Investment Update
05/11/10
Holding(s) in Company
08/10/10
Holding(s) in Company
14/09/10
Result of AGM
17/08/10
Annual Financial Report
10/08/10
Final Results
11/06/10
Holding(s) in Company
18/03/10
Holding(s) in Company
26/02/10
Holding(s) in Company
09/12/09
Half Yearly Results
05/11/09
Holding(s) in Company
06/11/09
Change of Nominated Adviser and Broker
22/10/09
Investment Policy Announcement
20/10/09
Resignation of Director
29/09/09
PLC Termination Announcement
16/09/09
Return of Capital
16/09/09
Result of AGM
16/09/09
AGM Announcement
28/08/09
Sale of China New Energy
07/08/09
Holding in Company
03/08/09
Holding in Company
14/07/09
Annual Report available
09/07/09
Annual Results
06/07/09
Result of EGM
29/06/09
Holding(s) in Company
10/06/09
Circular- Return on Capital
25/05/09
Holding(s) in Company
22/05/09
Holding(s) in Company
20/05/09
Holding(s) in Company
09/04/09
Appointment of New Non Executive Director
01/04/09
ACE, Biofoods, Hainan sale Announcement
22/03/09
Investment Support Termination
27/02/09
Full Year Financial Statement and Dividend Announcement
12/02/09
Portfolio Update- AWT, DBI and Biofoods
23/01/09
EGM Announcement- Directors Appointment
07/01/09
Portfolio Update- AWT
Contact Us
Elysium Fund Management Limited
PO Box 650
1st Floor Royal Chambers
St Julian's Avenue
St Peter Port
Guernsey
GY1 3JX
Tel: +44 1481 810 100
Email:
[email protected]