Further re Conditional Disposal
Alpha Returns Group plc
(the "Company" or "Alpha Returns")
29 April 2016
Further re conditional disposal of Riche Bright Securities Limited ("RB Securities")
Further to the announcements made on 2 and 16 November 2015, Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to announce that the purchaser, Hzone Holdings Limited, has obtained approval from the Hong Kong Securities and Futures Commission ("HKSFC") to become a substantial shareholder of RB Securities and thereby the conditional sale of RB Securities by the Company's 70 per cent. owned Riche Bright Group Limited ("Riche Bright") is now proceeding. Discussions continue in relation to completion arrangements. A further announcement will be made in due course.
For further information:
| Alpha Returns Group plc |
Christopher Neo
Executive Director | 020 3286 6388 |
| ZAI Corporate Finance Ltd (NOMAD) | Peter Trevelyan-Clark / Tim Cofman | 020 7060 2220 |
| Peterhouse Corporate Finance (Broker) | Duncan Vasey / Lucy Williams | 020 7220 9797 |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alpha Returns Group plc via GlobeNewswire
