In a Financial Times article by David Blackwell, David reports on the trials and tribulations of three companies that in 2007 were seeking to become aim listed. One of those three companies is The China Pub Company.
“China Pub Company, which was already quoted on the Channel Islands Stock Exchange, failed to make it on to Aim. But in retrospect, says John May, chairman, the failure to raise £3m was a blessing in disguise as “people have gone off Aim,” and small company shares have suffered from a lack of liquidity.
The company has announced plans to reverse into a cash shell on the Toronto Stock Exchange in a deal that values it at £7.5m. Mr May says there is a significant investor following in Canada for Chinese hospitality companies, and he expects to be able to use the shares to spread the embryonic pub business into mainland China.”