SINGAPORE, April 20 /PRNewswire-Asia/ -- We, parties including Dunross Asia Pte Ltd, Zesiger Capital Group LLC, Blue Pool Capital Ltd, Krohne capital, LLC, Lotus Partners LP and Sean Wright, represent funds controlling approximately 23% of the outstanding stock of Beauty China Holdings Ltd (Ticker: B15.SI) (the "Company"). In addition, we have indications that shareholders representing another 5% of outstanding stock are willing to support our efforts. Recent events at the Company have led us to believe that actions being considered by the Company currently, including raising significant funds from an outside party, may significantly dilute the existing shareholders of the Company, and hence reduce the value of their shareholdings.
In this regard it is important for shareholders of the Company to work closely together and with the Company, as may be appropriate, to further the Company's best interests. The parties named above, are trying to find an alternative solution, which will be beneficial to the Company and all its existing shareholders.
If you or your firm own more than 0.5% of the outstanding stock (equivalent to 1.78 million shares or greater) of the Company and you are interested in working with us to put up an alternative solution, please contact one of the persons below.
We believe that it will be in your interest to do so.
With Kind Regards,
Dunross Asia Ptd Ltd, Zesiger Capital Group LLC, Blue Pool Capital Ltd, Krohne Capital, LLC, Lotus Partners LP, Sean Wright
Contacts:
Peter Juhnke
Dunross Asia Ptd Ltd
Tel: +65-6823-1540
Email: peter.juhnke@dunross.sg
Axel Krohne
Krohne Capital, LLC
Tel: +1-858-454-5789
Email: axel@krohnecapital.com
