New natural resource trading and logistics business


 
TIDMPCGB 
 
For immediate release: 
 
                         Power Capital Global Limited 
 
                          (the "Company" or "Group") 
 
        New Asia based natural resource trading and logistics business 
 
Further to the announcement of 15th December 2010, the Company is pleased to 
announce that it has commenced its new Asia based natural resource trading and 
logistics business, initially through the export of steam coal from Indonesia 
to China and Taiwan to satisfy the strong demand from power plants in both 
markets. Consideration is also being given to investment opportunities in the 
domestic thermal coal market within China that meet the Company's corporate 
strategy. The Company plans to provide more detailed information on the Group's 
progress in a trading update following completion of the first quarter of 2011. 
 
Working capital for the new business operations is being provided from the 
Company's existing resources as well as from external sources. The latter 
includes a US$1m twelve month LIBOR +3% revolving loan facility from Kung Min 
Lin, a director of the Company and indirectly its controlling shareholder. The 
facility is deemed to be a related party transaction for the purposes of Rule 
13 of the AIM Rules for Companies. The directors, other than Kung Min Lin who 
has taken no part in the Board's consideration of the transaction, consider, 
having consulted with Northland Capital Partners Limited, the Company's 
Nominated Adviser, that the terms of the transaction with Kung Min Lin are fair 
and reasonable so far as the shareholders of the Company are concerned. 
 
-Ends- 
 
Further information 
 
Power Capital Global Limited 
 
Simon Dewhurst                          Tel: +852 9181 9938 
 
Northland Capital Partners Limited 
 
Luke Cairns, Edward Hutton              Tel: +44 (0)20 7492 4750 
 
GTH Communications Limited 
 
Toby Hall, Christian Pickel             Tel: +44 (0)20 3103 3900 
 
 
 
END

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