23rd August 2016
Early Equity PLC
("Early Equity" or "the Company")
Yicom Global Sdn. Bhd.
Early Equity Plc (ISDX: EEQP), a proactive investment company focused on
early-staged companies which generate recurring income streams, is pleased to
announce that Yicom Global Sdn. Bhd. ("Yicom"), of which the Company has a
32.14% stake has released its audited accounts and reported a net profit of
Ringgit Malaysia (RM) 850,149 (approximately GBP160,709) on a turnover of RM
4,061,634 (approximately GBP767,795). The Directors of Yicom have declared that
50% of the profits are to be distributed to the shareholders as a dividend and
Early Equity will receive RM 136,619 (approximately GBP25,826). Exchange rate is
based on RM 5.29 : GBP1.
Yicom is the sole importer and patent holder of a series of healthcare products
from various countries and in particular China. Yicom has a Sole
Distributorship Agreement with Early Infinity Holdings Sdn. Bhd. a direct sales
company holding licences to operate a multi-level marketing business in
Malaysia.
Yicom started trading in February of last year and there are now over one
thousand sales agents with products now also being sold in Taiwan.
Early Equity Chief Executive Edwin Chua Siew Lian said "We are delighted to
report the progress of Yicom and its remarkable achievement to produce a
dividend following its maiden trading year. We are continuing our work with
Yicom to develop its sales and product range."
The directors of Early Equity Plc accept responsibility for this announcement.
For further information please contact:
Greg Collier
Tel: +44 7830 182501
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott -Corporate Finance
James Dewhurst - Institutional Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street, London EC4N 4SA
