PME African Infrastructure Opport PLC (LON:PMEA) shares were up 33.43% on Thursday to $0.140 and were flat in after-hours trading. The company has a market cap of $4.30 million at 40.97 million shares outstanding.
PME African Infrastructure Opport announced that it has finalized an Investment Contract for $500,000 with a successful Malaysian entrepreneur. They have appointed this entrepreneur as its exclusive agent for the entire Asian region.
“We take a certain amount of pride in knowing that our company is quickly establishing itself as a company of integrity. One on-going indication of how well we are doing in that regard is the ability to attract others of integrity that see the vision we’ve created who want to be a part of the process. As of today, we are happy to announce that we are adding an exclusive sales agent for the entire Asian region and he will be given the autonomy to move aggressively in that market. He is someone with the skillset necessary to help us grow at a rapid pace. As a show of support, he has also invested $500,000.00 in cash into our company,” remarked PME African Infrastructure Opport CEO Joseph Bourne.
“We are moving forward at an aggressive pace with establishing our sales infrastructure and this particular move merited a press release as it exemplifies the growing worldwide appeal of both the EVADA Aircraft and the DiNelly eXoGyro Copters. Further news is pending as we have more to share with you in the coming days,” he continued.
Last year, PME African Infrastructure Opport announced that it intended to exercise the Option in respect of all three C30 locomotives prior to the expiry of the Option Period and had communicated this intention to Sheltam and has subsequently exercised the Option in respect of all three C30 locomotives.
PME African Infrastructure Opport owns approximately three C30 locomotives and a commercial property in Dar-es-Salaam, Tanzania through its subsidiaries. Its investment objective is to achieve significant total return to investors through investing in various infrastructure projects and related opportunities across a range of countries in sub-Saharan Africa.
Its investment focus is involved in the greenfield projects in Angola, Botswana, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zambia, among others. The company’s investing policy is to realize the remaining assets of the company and to return both existing cash reserves and the proceeds of realization of the remaining assets to shareholders. It invests in various sectors, such as transportation, telecommunications, energy, water and sanitation, and infrastructure-related real estate sectors.