23 December 2013
RapidCloud International plc (AIM: RCI), the computing services, web hosting and web solutions provider based in Southeast Asia, has today been notified by Chee Han Wen (known as Raymond), the Company's Managing Director, that the registered owner of 1,285,949 of his ordinary shares in the Company (the "Shares") is now BPS2 Singapore/UOB KayHian Private Limited as a result of a change of nominee holder.
Chee Han Wen's beneficial interest in ordinary shares in the Company remains unchanged following this administrative change at 9,283,890 representing 53.45% of the issued share capital of the Company. This is comprised of the Shares and, in addition, Chee Han Wan is beneficially interested in a further 6,747,824 ordinary shares which are held by RapidCloud Holdings Ltd, a BVI company which is held as to 61 per cent. by Chee Han Wen, 22 per cent. by Chew Man Fai and 17 per cent. by Kenneth Cheng Ju Wan. Chee Han Wen is also interested in a further 1,250,117 ordinary shares held by his wife, Chong Lip Kian.
For further information, please visit www.rapidcloudasia.com or contact:
|RapidCloud International Plc
Raymond Chee, Managing Director
David Cotterell, Chairman
|Allenby Capital, Nominated Adviser and Joint Broker
|Tel: +44 (0)20 3328 5656|
|Walbrook, Financial PR and IR
|Tel: 44 (0)20 7933 8792
RapidCloud, one of the few integrated subscription-based computing solutions providers in Malaysia that offers its services through all three currently available segments of cloud computing. The Company is based in Southeast Asia and is one of the few solutions providers in the region to deliver its offerings through all three available Cloud Computing segments, i.e. Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service.
Formed in 1999 the Company has a well-established cloud offering with a customer base of 37,000. These are predominantly SMEs but also include blue-chip clients such as Deloitte, BAE Systems and Canon, for which RapidCloud’s extensive R&D department creates bespoke software solutions.
RapidCloud currently has operations in Malaysia, Thailand and the Philippines and has plans to expand into Indonesia. According to industry research commissioned by RapidCloud from Frost & Sullivan in 2013, the Cloud Computing industry in Asia Pacific is expected to grow at a CAGR of 49.6% between 2013 and 2015, giving a market size of US45.6 billion by 2015.
RapidCloud International plc was admitted to AIM on 14 August 2013.