Press release:
The Board of Advanced Share Registry Limited is pleased to announce that the Initial Public Offering of the Company has now closed heavily over subscribed.
The Company raised $5 million which will provide for a targeted infrastructure and staffing upgrade on the Company s proprietary software platform. After 10 years of internally generated growth, the Company is ready to cement its position as a premier provider of share registry services to small and medium sized companies and capitalise on its significant growth potential within the registry market in Australia.
Commenting on today s announcement, Mr Kim Chong, Managing Director, said: We are delighted to have successfully completed our IPO. We have received a warm welcome from investors, demonstrating the strong prospects ahead.
For further information, please contact Mr Kim Chong on 08 9389 8033
About the Company:
The Company owns the Advanced Share Registry Services business based in Perth, Western Australia that provides registry services to listed and unlisted clients on a state and national basis. The business has built its registry operations through its reputation and delivery as an efficient, cost effective service provider, especially for smaller companies. In 1996, the business commenced with a starting base of 6 clients and has grown to service over 170 clients in locations throughout Australia, including Queensland, Victoria, New South Wales and Western Australia and Asia Region.