Merger and acquisition site debuts in Asia

With the optimistic projection of the recovery of Asian economies, L.P.

With the optimistic projection of the recovery of Asian economies, L.P. Lammas Asia Ltd, a Hongkong-based business broker specializing in mid-market mergers and acquisitions (M&A), announced yesterday the launch of the first M&A Web site in Asia.
by William Tse

HONG KONG, 20 July 2000 - L. P. Lammas' Opphunt.com provides an online platform for a range of global business opportunities, which include M&A and other corporate restructuring activities.

According to Louis Pong, chairman and managing director of L. P. Lammas, Opphunt.com offers commercial intelligence services for the deal-making process, spanning from searching, matching, research, to due diligence, advisory services and other virtual communication tools.

The Web site is also one of the first in Asia to deploy artificial intelligence technology, offering users the tools in Knowledge Management, Text and Data Mining, Neural Networks as well as Case-Based Reasoning.


"The launch of Opphunt.com is one of L.P. Lammas' strategic moves in globalizing the M&A marketplace by bridging international business opportunities to Asia, in particular China and vice versa. Opphunt.com provides a fully integrated platform that not only offers a central marketplace for entrepreneurs and owners of existing organizations to explore new business opportunities worldwide, but also provides an opportunity for business owners to sell their unwanted or unprofitable assets, which might be valuable to other operators," Pong said.

Registered users of Opphunt.com can now access real time global business opportunities in the M&A, investment, finance and credit categories.

Currently, over 1,000 deals are listed on the Web site, and the figure is expected to reach over 15,000 deals by the end of the year.

This estimation, said Pong, is based on the huge market potential in Asia as a result of China's entry to the WTO together with the fast growing number of SMEs in the region.

Pong said the new Opphunt.com could help formalize the 'Business Broker' industry in Asia, allowing small and medium enterprises to enjoy world-class financial advisory service, which were only available at huge investment banks in the past.

www.zdnetasia.com
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