28 Jun 2012
Manchester and London based Zeus Capital raises £1 million and IPOs Singapore based, Feng Shui company, New Trend Lifestyle (“NTL”) on AIM.
Feng Shui is widely accepted in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which NTL has created a business generating £1.4 million of profits with a strong brand and deep-seated cultural drivers. Formed in 2005, the Company is one of the leading branded Feng Shui consultancies in Asia and the first to IPO in London.
Clients of NTL include a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers which leads to the sale of further products and services. NTL enjoys a high level of repeat business and in 2011 over 70 per cent. of turnover was accounted for by returning customers.
The Company has eight retail outlets in Singapore and, through a distributor in the Guangzhou Province of China, a further six outlets. NTL believes China provides it with significant growth opportunities.
Ross Andrews, Andrew Jones and Brian Stockbridge from Zeus Capital advised on the transaction.
Ross Andrews, Director, commented;
“We are very pleased to be involved with NTL. The Company has exciting plans to expand and we look forward to working with them as they develop.”