OP Financial Forms Partnership With China Investment Corporation to Invest in Kazakhstan Agriculture Sector
HONG KONG, Sept 21 /PRNewswire-Asia/ -- OP Financial Investments Limited (stock code: 1140) ("OP Financial" or "the Group"), is pleased to announce that on 25 August 2010 a limited partnership was formed with China Investment Corporation ("CIC"), both through wholly owned subsidiaries, with the principal purpose to invest directly or indirectly in the production, processing, transportation and trade of agricultural crops on a trial basis in Kazakhstan. Total paid up capital of US$16.5 million was received on 21 September, 2010 to fund preliminary trials.
CIC and OP Financial have injected US$15 million and US$1.5 million respectively to the project, led by Zhang Weidong, Deputy CEO and head of OP Financial's private equity team. As the General Partner, OP Financial shall manage and introduce technology partners to the project. This is OP Financial's second arrangement with CIC to date.
Mr. Zhang Gaobo, CEO of OP Financial, said, "We are pleased to continue our partnership with CIC with this new project in Kazakhstan. The agriculture industry is becoming increasingly important, especially in light of growing global demand for food. Kazakhstan is a leader in energy such as oil and gas, but with technology and implementation of global best practices, we believe it can be a leading player in the agri-sector as well."
About OP Financial Investments Limited
OP Financial Investments Limited is an investment company incorporated in the Cayman Islands as an exempted company with limited liability under the Companies Law of the Cayman Islands. The Company's shares are listed on the Main Board of HKEx (Stock code: 1140). OP Financial develops customized investment solutions leveraging proprietary capital and co-investment structures to access scalable opportunities. Whilst achieving optimum capital growth, OP Financial also generates returns through the management of vehicles founded to develop, organize, and execute investment projects on behalf of itself and its co-investors. OP Financial also focuses on developing partnerships with major financial players to build a financial services platform that can generate steady fee-based income. For more details, please visit http://www.opfin.com.hk .
SOURCE OP Financial Investments Limited
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