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DJ Early Equity Plc Yicom Global Sdn. Bhd.

 
TIDMEEQP 
 
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 
 
 
 
END 
 

(END) Dow Jones Newswires

August 23, 2016 10:14 ET (14:14 GMT)