EPE Europasia

RNS Number:5398U
Europasia Education PLC
23 November 2005

23 November 2005

EUROPASIA EDUCATION PLC:

VALUE OF INVESTMENT



EuropAsia Education plc, the AIM-listed education group, welcomes the listing of
China Education Group ("CEG), in which it has a 12 per cent shareholding, on
Ofex.



CEG owns 100 per cent of EuropAsia (Beijing) Educational Technology ("EPE
Beijing"), a China-based company which manages Shandong International Institute
of Translation ("SIIT"), a profitable Chinese university with over 8,000
students.



EPE Beijing recently announced a 61 per cent increase in profit after tax for
the year to 30 June 2005 to #2.4 million, on turnover up 61 per cent at #3
million.  EPE (Beijing) has an exclusive 25 year contract to run SIIT.  SIIT
offers diploma and undergraduate courses in foreign languages, computer science,
information technology, international commerce and trade and hospitality and
tourism.



CEG is expected to be valued at #17 million on listing, which values EPE's
initial stake at #1.9 million, nearly double the value of its #0.99 million
investment nine months ago, of which #160,000 was in cash and the remainder in
EPE shares.



EPE is acquiring an additional stake in CEG as part of its restructuring and
Ofex listing, so that it will own 13.8% of the ordinary shares in issue on
listing.  EPE is currently raising additional funds to enable it to participate
in CEG's fund raising.



James Holmes, Chairman of EuropAsia Education plc, said: "China's one child
policy has encouraged increased spending on education as parents focus their
resources on giving their one child the best possible education.  We are
delighted with the success of this investment, our stake in which at the listing
price exceeds EPE's own market capitalisation. We will continue to seek out
similar opportunities".



                                     -ends-



For further information:



Paul Quade                            07947 186694

CityRoad Communications               020 7248 8010





A copy of the prospectus is available from CEG's web site
www.chinaeducationgroup.com, or London Asia Corporate Finance's web site
www.londonasiacf.com, or by writing to:



London Asia Corporate Finance
7th Floor, Aldermary House
15 Queen Street
London EC4N 1TX




About Shandong International Institute of Translation



Based in Shandong Province, China, SIIT was established in June 1999. It offers
2-3 year-diploma courses in foreign languages, computer science, information
technology, international commerce and trade, hospitality and tourism. There are
currently over 8,000 students, based in two campuses in Shandong Province,
China.



The college provides accessible, affordable, high-quality post-secondary
education that prepares students to enter the job market, allows them to
transfer to universities, helps them to study and work abroad, and assists them
in achieving their professional and personal goals.



As the first translation college in Shandong Province, the college provides a
wide variety of language learning and translation programs in English, Chinese,
Korean, Japanese, Russian, French, German, Spanish, Arabic, Italian, Greek and
Esperanto. A strong college transfer programme has evolved to allow students the
opportunity to take the first two years of a baccalaureate degree and transfer
to one of the state's four-year institutions..



For additional information, see www.chinaeducationgroup.com





About Europasia Education plc



EPE is an AIM listed education investment group, focused on opportunities in
Europe and Asia.  It owns 100% of Education 2000, an English language and work
experience placement business based in Bournemouth, UK, and Columbia
International, trading under the name Management International, an education
consulting and work placement business based in London, as well as its stake in
China Education Group.



For additional information, visit www.europasiaeducation.com








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCGGMZMLFGGKZG

Europasia Education (LSE:EPE)
Historical Stock Chart
From Jun 2024 to Jul 2024

Europasia Education (LSE:EPE)
Historical Stock Chart
From Jul 2023 to Jul 2024