Merger and acquisition site debuts 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.
