Vertu Capital Ltd is the latest venture from William Du aka Kiat Wai Du. William is currently a director at Aries Telecoms Berhad (fka V Telecoms Berhad) which until recently was part of the Vasseti Zavarco Group which was subsequently stolen from the Vasseti Zavarco group using a sham Malaysian high court consent order. He is also the founder of the V Telecoms fund known as the Ingenious Growth Fund and is a current serving director at Rapidcloud International PLC, another London Stock Exchange listed company.
Our last blog post centered around the introduction to this new venture by William. So just to quickly summarize, Vertu Capital Limited has basically been setup to buy another company in the financial services sector and according to the prospectus they've set 2 years from admission to complete this task.
So what they are currently doing with investors money while they contemplate this acquisition is anybody's guess.......
So what they are currently doing with investors money while they contemplate this acquisition is anybody's guess.......
It has been 8 months since the IPO of Vertu Capital Ltd and has there been any news or any developments regarding the planned acquisition of a company in the financial services sector ? .
The answer is, NO
Apart from one its directors resigning, Darren Hopkins on the 24th of June 2015 there has not been a peep out of the company.
The answer is, NO
Apart from one its directors resigning, Darren Hopkins on the 24th of June 2015 there has not been a peep out of the company.
To try and understand a little more we emailed Investor Relations at Vertu Capital Ltd and asked a couple of questions, the first question we asked,
July 7th, What is Vertu Capital Ltd relationship to Aries Telecoms PLC ? (Remember, William is a director at its subsidiary Aries Telecoms Berhad.)
No Answer.
July 8th, We again repeated the question from July 7th.
No Answer.
July 9th, We asked if anybody was there ?
No Answer.
August 11th, We asked, It has been 7 months since the IPO of Vertu Capital LTD and is there any further news or developments regarding the planned acquisition of a company in the financial services sector ?
No Answer.
September 7th, We asked the same question above with the only change to the question being "8 months since the IPO".
No Answer.
So far I'd say that's a pretty piss poor start to William Du's new venture, Vertu Capital Ltd. We will keep you posted on any further developments.
July 7th, What is Vertu Capital Ltd relationship to Aries Telecoms PLC ? (Remember, William is a director at its subsidiary Aries Telecoms Berhad.)
No Answer.
July 8th, We again repeated the question from July 7th.
No Answer.
July 9th, We asked if anybody was there ?
No Answer.
August 11th, We asked, It has been 7 months since the IPO of Vertu Capital LTD and is there any further news or developments regarding the planned acquisition of a company in the financial services sector ?
No Answer.
September 7th, We asked the same question above with the only change to the question being "8 months since the IPO".
No Answer.
So far I'd say that's a pretty piss poor start to William Du's new venture, Vertu Capital Ltd. We will keep you posted on any further developments.
