The AIM-quoted private equity investor China Private Equity Holdings Ltd (CPE; Ticker CPEH) has posted a 6.9% increase in net asset valuation for the year to 31 December 2011.
The company said the increase reflected its initial positioning within China’s rapidly growing TMT sector, while a subsequent additional move into financial services has also established a presence in a market now set to benefit from the Chinese Government objective of shifting the country towards a consumer-based economy.
Consolidated net asset valuation for the year rose to USD29.3 million (2009: USD27.4 million), with net asset value per share rising in line to USD0.46 (2009: USD0.43) after adjustment for a four-for-one bonus issue.
