CCH International plc
13 July 2007
Press Release 13 July 2007
CCH International plc
('CCH' or 'the Company')
Re: trade finance agreement with Alphasteel
CCH International PLC (AIM: CCH), the trade finance Group, announces that
further to the statement of 21 February 2007, due to circumstances beyond its
control, CCH will not be proceeding to facilitate a three year finance agreement
with Alphasteel Limited of Wales. CCH has been reimbursed all of its direct
expenses and has made no financial loss.
In addition, CCH will not at present avail of the sterling denominated financing
facility made available to a CCH subsidiary by the European Islamic Investment
Bank plc ('EIIB'). CCH maintains a strong relationship with EIIB and is
confident of utilising funding facilities to be provided by them in the near
future.
Ends
For further information, please contact:
CCH International Plc www.cch-international.com
Eren Nil, Managing Director/ Tel: +44 (0) 20 8334 0871
Richard Fossett, Director and COO
eren@cch-international.com
r.fossett@cch-international.com
Insinger de Beaufort http://www.insinger.com
Shaun Whyte, Tel: +44 (0) 207 190 7000
swhyte@insinger.com
Abchurch Communications
www.abchurch-group.com
Heather Salmond / Charlie Jack Tel: +44 (0) 20 7398 7700
charlie.jack@abchurch-group.com
Notes to editors -
CCH International offers a range of finance products to institutions and
corporations wishing to raise finance or to sell on trade receivables either
through conventional means or through its own internet based brokerage facility
www.cch-etrade.com. The Company is listed on the Alternative Investment Market
(AIM) of the London Stock Exchange. CCH International is also a specialist in
Islamic Finance and has the ability to arrange for Morabaha, Ijara, Istisna and
other compliant facilities.
CCH International has offices in England, Germany and Bahrain, as well as
strategic partnerships / affiliates / relationships in Australia, UAE, Turkey,
and the USA. Further information on the Company is available at
www.cch-international.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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