Corporate Profile for OLS Asia Holdings Ltd., dated Jan. 26, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. , NewsBank, Information Access Company, Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , Comtex, and many others. -0- Published date: Jan. 26, 1996 Company name: OLS Asia Holdings Ltd.
Address: 26/F Harcourt House, 39 Gloucester Rd.
Wanchai, Hong Kong
Telephone No.: 852/2866 0666 Chief Executive Officer: Alfred Siu Chief Financial Officer: Ken Leung
Investor Relations
Contact: Barron Chase Securities Inc.
Robert T. Kirk or Robert Dombrowski
Business number: 407/347-1200
Home number: 407/344-7153
Public Relations
Contact: Andrew N. Bernstein, P.C.
Andrew N. Bernstein
Business number: 303/770-7131
Home number: 303/779-1118
Trading symbol: "OLSAY" for ADSs & "OLSWY" for Warrants Industry: Construction Contracting -0- Company description: OLS OLS Ordinary Least Squares OLS Online Library System OLS Ottawa Linux Symposium OLS Operation Lifeline Sudan OLS Operational Linescan System OLS Online Service OLS Organizational Leadership and Supervision OLS On Line Support OLS Online System Asia Holdings Ltd. is a Hong Kong-based business founded in 1991 specializing in construction contracting, design and build projects and project management, with particular expertise in large scale building renovations, alterations and additions, interior design, fit-outs of commercial and retail podiums, luxury apartments and housing estates. The company has been profitable since its incorporation. Revenue for the fiscal years 1993, 1994 and the half year of 1995 were US$38.1 million, US$53.3 million and US$25.5 million respectively; whereas profit after taxation for the same periods were US$2.7 million, US$4.7 million and US$3.5 million. The company was primarily listed on the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. in October 1994. The total issued shares outstanding are 60 million ordinary shares and currently trading at about A$1.30 (US$0.96) per ordinary share, approximately 40 percent above its issue price of A$0.92 per share. The company issued 2 million American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs) and 2.3 million Warrants when listed on the Nasdaq National Market in December 1995. Each ADS consists of 5 Class A Shares and each Warrant is exercisable into one ADS. The ADSs were issued at US$6.25 per ADS and currently trading between US$6.50 to US$7.00 while the Warrants were issued at US$0.125 per Warrant, trading currently at US$1.25. CONTACT: OLS Asia Holdings Ltd. |
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