DGAP-News: Vasseti (UK) PLC / Key word(s): Sustainability/Strategic Company Decision Vasseti (UK) PLC: VASSETI - THE UNPOLISHED JEWEL 11.01.2013 / 10:16 --------------------------------------------------------------------- VASSETI - THE UNPOLISHED JEWEL By Vasseti IR Dated 02 Jan 2013 More than 150million 1VS:GR shares come to end of trading moratorium. KUALA LUMPUR - JAN 11, 2013 - Vasseti (UK) Plc (Frankfurt: 1VS) shares have come under heavy selling pressure recently due to the fact that on the 1st Jan 2013, more than 150mil shares reached the maturity of the moratorium (trading restriction) imposed on initial promoters of the company, which made its debut in the Entry Standard in the Frankfurt Stock Exchange in Oct 2011. For most of the period since its listing, Vasseti traded thinly due to a limited number of shares being in the market and the share price remained stable within the range of Euro 1.30 to Euro 1.50. Also, most of the investors who bought Vasseti shares are invested for the longer term as they are aware Vasseti has the very ambitious plan of becoming the sole regional terrestrial fibre optic network operator linking three of the world's most populous nations i.e. China, India and Indonesia via the Vasseti South Asian Network ( VSAN ). Mr Pushpan Murugiah, a Director of Vasseti, states 'while it is unfortunate to see some of our initial promoters disposing of their shares immediately upon the lifting of the trading moratorium, it is understandable that many want to realise all or part of their investment. However, the trading volume is still reasonably low resulting in severe volatility when larger sell orders are received. This still low volume however does indicate that the majority of Vasseti's shareholders are staying invested for the long term and it is anticipated that the price will move up to its pre 2013 range in the near future. ' Further, Mr. Murugiah went on to say 'fundamentally the Company is progressing well, achieving it's various mile stones and in addition to having started the Malaysian section of the VSAN and the coastal network we have also begun work on the Thai Network. It is anticipated we will have our link up to Kunming completed by the end of 2013 and indeed we hope to have the complete network up to the doorsteps of India by end of 2015. ' He went on to say. ' the Company is financially sound and will be declaring its financials in due course as at year end 31st December.' ' We have invested heavily into building the Vasseti Group and we continue to remain committed to realising all our undertakings to make Vasseti a truly successful company. We are in a unique place in the business and there is no other provider with such an initiative to build a regional terrestrial network. The regional bandwidth demand has been increasing steadily and this shows that the VSAN initiative will be well received in the region when completed ', said Mr. Ranjeet S. Sidhu, President of Vasseti (UK) Plc. Meanwhile, according to a representative from China Finance Limited, a major initial promoter/investor of Vasseti, 'We invested many millions into Vasseti because we believe in its vision. VSAN will unite more people in this region than anyone would ever imagine. The cost of internet for many people in these underserved territories in South Asia is still beyond affordable limits. All this will change when Vasseti implements VSAN. We feel happy to invest in a company whose business will truly touch people and their lives in meaningful ways. We hope Vasseti will join the ranks of Apple, Facebook and Microsoft in creating impact in peoples' lives and as investors, we also hope to realise our value of investment when the company matures'. CONTACT Investor Relations Team CATEGORY Telecommunication and Information Technology EMAIL ir@vasseti.co.uk WEB www.vasseti.co.uk About Vasseti Vasseti (UK) Plc ('Vasseti') is a large, diversified conglomerate based in Kuala Lumpur. It is listed on the Frankfurt Stock Exchange ('FSE') trading under the Symbol 1VS:GR and is fully reporting on the FSE Entry Standard. It is an investment holding company with business interests in the field of network telecommunications, information technology and real estate. Vasseti consists of companies and businesses that were established from as long as fifteen years ago to several new, high growth business ventures it initiated recently. The Company has already built a successful base in Malaysia and now plans to channel its resources to replicate its business model in the neighbouring countries especially within the South Asia region linking Indonesia, China and India, and possibly expanding towards the Middle East and North Africa thereafter. The Company intends to connect all the population within the catchment or business footprint to a single virtual world that is interlaced with brick and mortar business of real estate development and construction works. It is envisaged that the product and services offered by the Company may be reachable by almost 50% of the world population by the year 2020. Its strategy is to penetrate each market through mergers and acquisitions (M&A) and eventually becoming the market leader in those emerging markets. This forms part of Vasseti's global expansion plan and having its presence in the most productive and profitable manner End of Corporate News --------------------------------------------------------------------- 11.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 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DGAP-News: Vasseti (UK) PLC: VASSETI - THE UNPOLISHED JEWEL
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