Both parties agreed that Orient Capital's growth opportunities across the Asia-Pacific region were best served by ASX having a greater share in its ownership. Accordingly, today ASX and Orient Capital completed negotiations and signed the agreement under which ASX acquired the balance of ownership from Orient Capital's founders, Fay Walker and David Geddes.
Orient Capital will continue to operate as an independent business, under the existing management team and with specific arrangements, including governance principles, in place to ensure no interaction between Orient Capital and the supervisory areas of ASX's business.
These arrangements under which Orient Capital has operated for the last 3 years have worked extremely well. Orient Capital has a well-earned reputation for independence and with the strength of its brand position and the quality of its management team, its prospects for growth are excellent.
Orient Capital's strong and profitable performance reflects its leadership in providing innovative and highly regarded investor relations products and services to listed companies through its four core divisions: shareholder services, mIRacle investor database, research services and strategic consulting.
