ING Beijing Shares Will Trade Under New Capital April 13, 2005
ING Beijing Investment Company Ltd announced today that it has completed the steps necessary to effect the redomicle of the Company to the Cayman Islands effective 13th April 2005. New Capital International Investment Ltd has become the new holding company of the Group and ING Beijing is now a wholly owned subsidiary of New Capital.
We believe the rein corporation in the Cayman Islands will provide a greater measure of flexibility and simplicity in corporate governance. New Capital shall project a more international image and help to attract new potential investors. With a new name, new face and transparent capital structure, New Capital is well prepared to embark on its future expansion plan and to remain competitive capitalizing on the current buoyant market environment.