MUNICH & HONG KONG--(BUSINESS WIRE)--EQS Group (ISIN: DE0005494165) has acquired 100% of the shares of Online Investor Relations- and news service provider TodayIR Holdings Limited (TodayIR) paving the way for further growth in Asia. Serving around 400 clients TodayIR is one of the leading providers for Online Investor Relations in Hong Kong and emerging in other Asian capital markets.
TodayIR designs and manages IR websites, produces webcasts and operates the important finance information portal www.todayir.com. Furthermore, TodayIR possesses a license of the Chinese Information Authority for the distribution of financial news to Chinese media. During fiscal year 2013/14 TodayIR has achieved revenues of approximately € 1.4 million generating a positive operating result. The purchase price is about € 4.5 million. One third of the financing is provided by own capital resources and two thirds from an acquisition loan provided by Commerzbank Munich. A capital increase is not required.
Achim Weick, EQS Group AG’s CEO stated: “We are very pleased to swiftly gain a significant market position in Asia by the acquisition of TodayIR. This is entirely in line with our strategy to become a leading international provider.”
Founded by Terry Chau and Vicky Pang, TodayIR has been active on the Asian market from 2007. TodayIR has around 40 employees at the Hong Kong headquarters and the other subsidiaries in Shenzhen, Singapore and Taipei (Taiwan). TodayIR has excellent access to issuers planning an IPO in Hong Kong, around 700 companies strive towards the Chinese stock market.
Terry Chau, TodayIR‘s Founder and Managing Director stated: "With EQS Group we have found a strong global partner to successfully further develop our Online Investor Relations business and to offer our current and prospective clients numerous new solutions and products. I am looking forward to contributing my expertise and market knowledge in the coming years as part of the Management-Team."
Marcus Sultzer, Managing Director EQS Asia, stated: “It is our goal to become the no. 1 service provider for Online Investor Relations in Asia. EQS Group’s international expertise as a premium service provider and TodayIR’s local market knowledge is the ideal combination. Being a one stop shop for Online Investor Relations we can fulfill the customers’ needs to the very best level.”
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About EQS Group
Serving more than 7,000 international customers, EQS Group is the leading provider of online corporate communication services.
For Investor Relations and Corporate Communications services, leading companies from Europe, Asia and North America use our web solutions, all from a single source. In addition to services aimed at ensuring companies comply with statutory requirements, the EQS service range includes dissemination of corporate news and press releases, development of financial portals, websites and apps, streaming of audio and video webcasts, and the creation of online financial reports.
The market leader since its establishment in 1996, the Deutsche Gesellschaft für Ad-hoc-Publizität mbH or DGAP (a 100% EQS subsidiary) is a vital institution for publicly-listed companies' compliance with statutory requirements.
Through its subsidiary Financial Markets & Media GmbH (100%) and a strategic holding in ARIVA.DE AG (25.44%), the EQS Group offers services for B2C investor relations, financial data and online advertising in the financial sector.
The EQS Group employs 200 employees at its offices in Munich, Kiel, Hamburg, Zurich, Moscow, Hong Kong, Shenzhen, Singapore and Taipei (Taiwan).