Press release
Hermes-Sojitz Investment Fund resigns as Sinopac shareholder
Previously in 2016 Hermes-Sojitz closed a $340 million sale of 60.3 percent of its Sinopac stake. The company is engaged in development and production of rare-earth metals in Africa.
Development and extraction of rare-earth metals is one of the most promising and profitable industries. Rare earths occupy 17 positions of the periodic table. They are extensively used in production of a wide range of mass-market high-tech goods, such as cell phones, flat-screen TV’s and microwaves. The demand for rare-earth metals increases by 10-15 per cent yearly.
Naoki Matsumura, Chairman of Hermes-Sojitz's Board of Directors: “More than half of the world’s magmatic carbonatite deposits are located across Africa. Carbonatites are known for containing anomalous concentrations of rare-earth elements, thus being the best raw material for mining. In this respect Africa’s resources of rare-earths is unparalleled.”
Hermes-Sojitz has been developing various projects in Africa for more than 5 years. The Fund invests in exploitation and extraction of mineral resources, food processing industry, and property development. 18 residential buildings of business and premium class were commissioned in 2016. Hermes-Sojitz representatives believe that closing another profitable deal would facilitate closer links between the Fund and local missions, thus enhancing its influence in Africa.
Hermes-Sojitz International Investment Fund is an alliance of Asian and European investors. The fund is focused on direct investments in projectsin Asia, Africa, and Europe. Main fund’s investment directions: field development, food industry and property development. Asset value under fund’s management amounts to USD 42 bln.
13A/F, South Tower, World Finance Centre, Harbour City, 17 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong
Tel. +81 50 5806 6800
Tel. +852 8192 55 33
media@hermes-sojitz.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hermes-Sojitz Investment Fund resigns as Sinopac shareholder here
News-ID: 787349 • Views: …
More Releases from Hermes-Sojitz Investment Fund
Il fondo d'investimenti Hermes-Sojitz lancerà la rete di hotel boutique Hermes …
Il fondo internazionale d'investimenti diretti Hermes-Sojitz ha iniziato di sviluppare la rete di hotel boutique Hermes Heritage Hotels. La collezione si comporrà di 12 alberghi situati nella parte nord dell'Italia. In futuro è previsto di uscire all’IPO e allargare la rete fino a 50 hotel boutique.
Il fondo internazionale d'investimenti diretti Hermes-Sojitz ha iniziato l'esecuzione del progetto di rete di hotels boutique Hermes Heritage Hotels. Alla fase iniziale collezione si comporrà…
Le fond d’investissement Hermes-Sojitz ouvre une chaîne des boutiques-hôtels …
Le fond international des investissements directs Hermes-Sojitz a commencé la réalisation du projet des boutiques-hôtels Hermes Heritage Hotels. Cette chaîne inclue 12 hôtels situés au nord de l’Italie. L’introduction en bourse est prévue aussi bien que l’extension du réseau jusqu’aux 50 boutiques-hôtels.
Le fond international d’investissement Hermes-Sojitz est en train d’élaborer le projet de la chaîne des boutiques-hôtels Hermes Heritage Hotels. Au début le réseau consistera de 12…
Hermes-Sojitz Investment Fund will launch new boutique hotels brand Hermes Herit …
Hermes-Sojitz International Investment Fund started implementing of new boutique hotels chain under Hermes Heritage Hotels brand. Collection will consist of 12 hotels located in the Northern Italy. The launch is expected in late 2018. In near future the fund is planning the expansion of the chain from 12 to 50 boutique hotels by attracting additional funding.
Hermes-Sojitz International Investment Fund started implementation of the boutique hotels chain project under the brand…
Real estate in Africa as profitable investment vehicle
Real estate is promising and highly profitable sphere for investing money. Real estate investments are among the most reliable assets that the invest market has for a long time.
Money invested in real estate can not devalue to zero as compared to, for example, money invested in unit investment funds. Thus, preference is given to this investment vehicle. Applicability of real estate as goods is another advantage of such type…
More Releases for Africa
Buildexpo Africa – Largest building and construction exhibition returns to Eas …
Buildexpo Africa is the only show with the widest range of the latest technology in building material, mining machines, construction machinery and heavy equipment. At the latest edition of Buildexpo, East Africa's largest building and construction fair, we bring you exhibitors from over 40 countries who are the finest in infrastructure development.
Find what suits you best from about 14.3 million business prospects during the three-day event, with over 10,000 products,…
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of…
Smart Africa Launches Africa Wide Coordinated Response to the Coronavirus Pandem …
Smart Africa, a bold and innovative commitment from African Heads of State and Government to accelerate sustainable socioeconomic development , has launched a continent-wide technology based coordinated impact response to the coronavirus (COVID-19) pandemic for Africa.
Kigali,Rwanda., April 22, 2020 - Smart Africa has launched a continent-wide technology based coordinated impact response to the coronavirus (COVID-19) pandemic for Africa. This response is aimed at bringing together the 30 member states under…
Wellness Tourism Market 2019 Future Growth with Worldwide Players: Africawellnes …
Wellness Tourism Market 2019 Industry Research Report provides a detailed Global Wellness Tourism Industry overview along with the analysis of industry’s favorable growth opportunities, the advent of flexible packaging is likely to dampen the market’s growth to an extent. Nevertheless, the increasing number of manufacturers, high demand for management applications, growth of residential & commercial sector and superior strength & corrosion resistance property.
Get Sample Copy of this Report -https://www.orianresearch.com/request-sample/904685
Market Overview:…
Vizocom Selects iSAT Africa as Its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions.
Sharjah, UAE, March 02, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and…
Vizocom Selects iSAT Africa as its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions.
Sharjah, UAE, February 29, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and…
