LONDON (Thomson Financial) - Hong Kong-based cash shell company Tai Zi
Capital Ltd. reported a first half loss of $289,697 and said its interim results
reflect merely the operating costs of maintaining the company.
The property investing company, listed on AIM on July 1, said it has not
made any investments as at the end of the period to June and also has not the
entered into the subscription arrangement with shareholders to raise 3 million
pounds.
Tai Zi Capital said it aims to acquire properties and grow a portfolio of
rental investment properties located in major cities in Far East Asia including
Taiwan, Hong Kong, Macau and possibly other areas of China.
\"The current economic climate is turbulent, however, we firmly believe our
target markets will continue to grow and provide is with attractive
opportunities to create shareholder value,\" the company said.
TFN.newsdesk@thomson.com
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