Geo Genesis Group, an advisory and investment company focused on China and other emerging markets, has undertaken a strategic review of its affiliate Sinoventures Holdings. <
Geo Genesis Group, an advisory and investment company focused on China and other emerging markets, has undertaken a strategic review of its affiliate Sinoventures Holdings.
The company announced in September 2008 it had established Sinoventures to make investments and hold equity interests in four early stage companies with operations in and/or related to China. Under new terms, Geo Genesis will directly retain equity stakes in these and future venture transactions in order to improve synergies with its corporate consulting business and improve the access to capital for individual ventures.
Geo Genesis chief executive officer Roger Bendelac says: ‘This is the optimal way for Geo Genesis to utilise its corporate consultancy expertise in developing these China related growth businesses, in which it already holds stakes. We look forward to taking a more active role in the development of these ventures and will ensure shareholders are updated as they progress.’
Sinoventures was established as a holding company for four ventures: Mediaglobe Productions, Dragonsource Trading, Global Sealand Engineering and Tradition Foods. Following the review, Geo Genesis will assist each venture with the implementation of business plans, private placements and access to capital markets as required.
