Overview
ARC Capital Holdings was set up to target both unlisted and listed companies that engage in retailing, provide services that support the retail industry (such as consumer finance, distribution and logistics), manufacture or distribute consumer products or services, develop or manage property with a focus on retailing, and other retail and consumer-related companies. At least 70% of those companies were to have been in China with the balance in the greater China region.
On 31 January 2012 the fund adopted a realisation strategy and is in the process of selling its assets and returning the proceeds to shareholders.
News
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24 Sep 2015 12 min read
ARC Capital’s final results make interesting reading
ARC Capital Holdings has published results for the year ended 31 December 2014. These are obviously well out of date but they bring investors more up to speed with developments in the business. Normally we summarise large chunks of results statements to make your life easier but In ARC Capital’s case there is so much […]
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22 Jul 2015 1 min read
The Investment Trust winners and losers in Q2
UK smaller companies funds feature quite prevalently in the lists on the back of a decisive election result in the UK and some funds close to the end of their lives made significant progress during the quarter for stock specific reasons. http://whichinvestmenttrust.com/the-investment-trust-winners-and-losers-in-q2/
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20 Jul 2015 1 min read
UK smaller companies trusts dominate Q2 best-performers
UK small-caps has emerged as the stand-out sector for investment trusts in Q2 2015, according to statistics from QuotedData. The report, published 16 June, showed that UK smaller companies-focused mandates accounted for the majority of best-performing funds in NAV terms for the quarter. http://www.portfolio-adviser.com/news/1023811/uk-companies-trusts-dominate-q2-performers
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16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
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30 Jun 2015 1 min read
ARC Capital suspends trading
ARC Capital has requested that its shares be suspended from trading pending the finalisation of its report and accounts for the year ended 31 December 2014. ARCH : ARC Capital suspends trading
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18 Jun 2015 1 min read
ARC Capital wins Oriental Home dispute
Fresh on the back of their Jiadeli victory, ARC Capital has announced that, on 16 June 2015, the China International Economic and Trade Arbitration Commission (“CIETAC”) unanimously ruled that the Orient Home Group shall be required to refund Shanghai C.P. Jing Cheng Enterprise Development Co. Ltd. (a subsidiary of ARCH) the entire RMB480m deposit (equivalent […]
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16 Jun 2015 1 min read
ARC Capital gets Jiadeli Holdback cash
ARC Capital has received the award made by the Beijing Second Intermediate Court in respect of the Jiadeli Holdback. HNA Group has paid the company RMB93m and ARC Capital Holdings has waived the interest due. After costs the company ends up with the equivalent of $13m – they might have to pay some tax on […]
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22 Apr 2015 2 min read
ARC Capital – the new board speaks
The new board of ARC Capital has made an announcement today about the litigation that the fund is involved in. So we don’t inadvertently say the wrong thing, here is their announcement in full: “Independent Legal Review On 24 December 2014, Cielo Overseas Limited (“Cielo”), ARCH’s majority shareholder, released an announcement in which it confirmed […]
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03 Feb 2015 1 min read
ARC Capital Board loses vote
ARC Capital Holdings has announced that at the EGM held yesterday the proposals put forward were approved by shareholders. Alpay Ece, Sean Hurst and Cosimo Borrelli (the “New Board”) have therefore been appointed as directors of the Company with immediate effect. Steven Feniger, Helen Wong and Tian-Cho Chu have been removed from the office of […]
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29 Dec 2014 1 min read
ARC Capital requisition of shareholder meeting
ARC Capital has announced that 0n 24 December 2014 it received a requisition from Cielo Overseas Limited, an associate of PAG Holdings Limited requiring the Company to call a general meeting of ARC’s shareholders. At the meeting shareholders will be asked to vote on the appointment of three new directors and the removal of Helen Wong, Steve Feniger, and […]
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30 Jul 2014 6 min read
ARC Capital : ARCH – update on sale of Funtalk
ARC Capital, which is currently suspended, has released another update on the sale of Funtalk (it was hoping to get at least $137.3m for its stake). The situation is complex and so we have included the full text of the announcement below but in summary it looks as though that rather than ARC Capital selling […]
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04 Jul 2014 1 min read
ARC Capital : ARCH – Funtalk update
ARC Capital has been trying to sell its holding in Funtalk China Holdings. Shareholders have approved the deal but today ARC Capital Holdings has announced that one of the other conditions that needed to be satisfied before the deal could take place has not been fulfilled yet – namely that PAG Asia I LP (a vehicle […]
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13 Jun 2014 2 min read
ARC Capital Holdings : ARCH – final results
ARC Capital Holdings has published its final results for the year that ended on 31 December 2013. While these numbers are very out of date now, they do say that the NAV fell from $0.92 to $0.83 over the year. It made two sales in the year – of Goodbaby and Shaanxi Dade Eucation Development […]
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10 Jun 2014 1 min read
ARC Capital Holdings : ARCH – balance of sale proceeds
ARC Capital Holdings has been award RMB90m plus interest and arbitration fees by the China International Economic and Trade Arbitration Commission in respect of ARC Capital’s sale of Jiadeli Supermarkets. The sale concluded in October 2010 but the buyer, HNA Group, and ARC Capital were unable to agree on the amount of a “holdback” related to […]
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10 Feb 2014 1 min read
ARC Capital Holdings : ARCH – resignation of manager
Following last week’s announcement of a dispute between ARC Capital and its manager, ARCH has today announced that the manager has resigned with immediate effect. ARC Capital say though that they understood that the manager had to give them six months notice under the terms of the management agreement.
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06 Feb 2014 1 min read
ARC Capital : ARCH – update on Orient Home and Funtalk
In December 2010 ARC Capital lent Orient Home Co Limited RMB480m ($79m) so that it could buy Orient Home Industrial Co. but, although “Orient Home Co failed to comply with the conditions precedent set out in the Agreement” which should have meant that the loan should have been repaid, it wasn’t. In July 2013 ARC Capital […]
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20 Jan 2014 1 min read
ARC Capital : ARCH – disposal
ARC Capital has sold its stake in Ningxia Xiajin Dairy, the largest manufacturer of dairy products in Ningxia province, for $30m – 1.7x the price ARC paid for it but just 80% of its estimated value at 30 September 2013.
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16 Dec 2013 1 min read
ARC Capital Holdings : ARC – plans $30m cash return
ARC will distribute $30m (the proceeds of its sale of Beijing Science & Technology Management and Goodbaby – the buggy manufacturer). The distribution will be achieved via mandatory purchase of c11.5% of each shareholding at $0.88 per share (around NAV). The ex date for the distribution is 17 December and proceeds are payable on 23 […]
