enterpriseAsia.com PLC
15 September 2000
enterpriseAsia.com plc ('enterpriseAsia')
Announcement of investment in Unified Financial Omnibus
The directors (the 'Directors') of enterpriseAsia are
pleased to announce the group's investment in Unified
Financial Omnibus ('UF Omnibus'), which will develop and
provide a comprehensive software system to assist stock
brokers, fund management houses and custodian banks in the
trading and custodianship of equity securities, futures,
options and OTC products.
enterpriseAsia is investing HK$14 million (approximately
£1.27 million) for 50% of UF Omnibus, which will be managed
by a team of information technology professionals with
extensive experience in the development and marketing of
online stock trading and financial systems. Systems built
by this team are currently occupying a significant share of
the Hong Kong stock broking business. Since UF Omnibus will
develop systems that are highly scalable in terms of trading
volume, currencies, varieties of securities and geographical
location of markets, it is planned that the operations can
expand speedily into other Asian countries outside of Hong
Kong.
UF Omnibus plans to market three distinctive but closely
integrated system components targeted towards different
sectors of financial institutions : a back office trading
system for brokers, a portfolio and fund management system
for small to medium size fund managers, and a custodian
service system for international custodian banks with a
strong presence in Asia. The Directors believe that
considerable synergy can be created between UF Omnibus and
Winshare Technology Limited, a company specializing in the
business of front office on-line trading systems, in which
enterpriseAsia has taken a 50% shareholding interest.
This is enterpriseAsia's sixth investment since the company
floated on AIM in February 2000. Its current investment
portfolio covers sectors including internet-enabling chip
products, e-commerce solutions, on-line securities trading
systems and a web-site for insurance agents.
For further information please contact:
Phill Brown, Corporate Relations Director,
enterpriseAsia.com plc
Tel: +44 1274 623478
Benjamin Ng, Chief Executive Officer, enterpriseAsia.com plc
Tel: +852 2116 5900
Garry Levin, Assistant Director, Altium Capital Limited
Tel: +20 7484 4040