BOSNIA/YUGOSLAVIA: ITM CONTINUES TO EXPAND

Article Abstract:

ITM Entreprises, the French group is continuing its expansion in the Balkans and plans to open two other stores in Bosnia, at Tusla in 2001, and at Banja-Luca in 2002. The Mousquetaires also plan to open three stores in Yugoslavia. The first will be located at Cacak, a Yugoslav town with a population of 180,000 people. ITM Entreprises plans to develop its retail chain in the Balkans through franchises. The future heads of companies must invest between FFr 500,000 and FFr 600,000 for these franchise stores. The concept which the Mousquetaire have developed in the Balkans is based on two principles: sales outlets adapted to clients with a limited purchasing power, and carrying a modest line of products. ITM Entreprises is targeting average-sized towns.

Food Stores, Food and Beverage Stores, Bosnia-Herzegovina, Yugoslavia, Bosnia and Herzegovina

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HONG KONG: GLOBAL APPLIED TECH RAISES US$ 40MN

Article Abstract:

Global Applied Technologies Holdings, an aluminium extrusion product manufacturer, has raised US$ 40mn of syndicated loan at an interest rate of 2% above 6-month LIBOR. The loan has a maturity of four years. The US$ 40mn will be used to fund expansion in China and expansion in other aluminium upstream and downstream products. After the most recent expansion, Global will have a monthly production capacity of 13,000 tonnes of aluminium products by June 2001. Global Applied Technologies is also seeking merger and acquisition opportunities in China.

China, Commercial Banks, Commercial Banking, Financial management, Commercial Bank Retail Svcs, Mortgage and Nonmortgage Loan Brokers, Loan brokers, Loan Syndicators, Aluminum extruded products, Aluminum Extruded Product Manufacturing, Retail banking, Mortgage banks, Aluminum extrusions, Global Applied Technologies Holdings

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HONG KONG: VENTURE FUNDS CAUTIOUS ON START-UPS

Article Abstract:

Chinadotcom chief executive Mr. Peter Hamilton said technology start-up companies would find it increasingly difficult to seek venture capital although the overall pool of venture fund had increased. Mr. Hamilton believes that most investors in Asia are looking for a quick fix and quick return which may not allow the start-ups enough resources and time to reach venture capitalists and eventually to the stock market. Mr. Hamilton also believes merger is one of the options for technology start-up companies.

Market information - general, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Internet services

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