IPO for Greater Asia Investments
For the first time at Bell Direct, we’re pleased to provide an opportunity for you to participate in an IPO.
Greater Asia Investments established by Atlas Capital Management is aiming to raise $70M which will then be invested in the IOFDragon Peacock Fund (managed by Prudential).
This is an exclusive opportunity for Bell Direct trading clients. Obviously Bell Direct does not provide investment advice so you should consider your own financial situation, particular needs and investment objectives before determining whether this opportunity is right for you. But if you’re keen to know more, read on…
Offer details
Investment of IPO proceeds
IOF Dragon Peacock Fund
This fund is managed by Prudential Asset Management (Singapore) Limited and has achieve 19% (net) annualised growth since June 2006
Offer price
$1.00
Minimum investment
$2,000
Investment strategy
Investment predominantly in listed equity portfolios in China and India (with a focus on large cap stocks)
Value at listing
NTA $0.94 plus Option value plus NPV of distributions
Return on capital
Proposing a return on capital after five years
Committed yearly distribution
Minimum 7%pa for entire life of the company paid half yearly as a dividend and or as a share buy back
Free option
Attached at IPO exercisable at $0.90 by 30 September 2010 with an entitlement to a further option
Management fees
1.50%pa of the value of the fund’s assets
Performance fees
20% of outperformance above an Absolute Return Benchmark of 12.5%pa based on high watermark
(May be taken in shares)
Key dates
IPO closing date
Wednesday 12 May 2010
Proposed issue date of Shares and Options
18 May 2010
Date of shares ASX listing
27 May 2010
How to invest
Go to https://www.greaterasianinvestmentsoffer.com.au/belldirect
If you have questions about the procedure for accepting the offer (including questions regarding the application form) call Computershare (the share registry) on 1300 651 853.
More questions?
Call the Greater Asia IPO Information Line on 1300 795 008 (open Monday to Friday 8.30am to 5.00pm AEST).
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