SAN FRANCISCO, June 17 /PRNewswire/ -- Lombard Investments, Inc. announced
a $15 million investment in Taiwan-based San Shing Fastech Corporation ("San
Shing" or the "Company"), one of the world's leading manufacturers of high
quality automotive fastener systems. The transaction closed on May 28, 2008.
The Company will use the proceeds to expand its product line and enter new
markets. Lombard will join the Company's board of directors.
Mr. Thomas J. Smith, Managing Director of Lombard, said, "Lombard is very
pleased to become a long-term investor in San Shing. The Company enjoys an
extraordinary reputation for high quality and creative engineering, and is
very well positioned for growth in the global automotive parts industry. We
look forward to many years of fruitful co-operation with San Shing." Mr. Ko
Chi-Yuan, Chairman of San Shing said, "San Shing also looks forward very much
to a long term partnership with Lombard."
About San Shing Fastech Corporation:
San Shing was founded in Taiwan in 1965, and listed on the Taiwan OTC in
1998. The Company employs more than 1,100 skilled workers at its
manufacturing facilities in Tainan Hsein, Taiwan. The Company operates as a
fully integrated manufacturer, designing and producing tooling dies and
production machinery, in addition to automotive fastener systems. BMW, Ford,
GM and Mercedes-Benz are counted among end users of the Company's products.
San Shing has earned several quality assurance certificates including ISO
9002, QS 9000, and ISO 14001 among others. (http://www.sanshing.com.tw)
About Lombard Investments:
Lombard is a leading international private equity investment manager with
offices in Bangkok, Hong Kong and San Francisco, and extensive working
relationships in Manila, Ho Chi Minh City and Taipei. Formed in 1985, Lombard
has made more than 80 controlling and significant minority investments in Asia
and North America. The firm's investors include some of the world's largest
and most respected financial institutions, major pension funds and
corporations, as well as family offices in Asia, North America and Europe.
Lombard provides strategic and financial advice to its portfolio companies,
and adds further value through active involvement with management and by
leveraging its relationships in North America and Asia.
(http://www.lombardinvestments.com)
Lombard made its investment in San Shing through an affiliate of Lombard
Asia III, the firm's South East Asia and Greater China private equity fund.
This is the fifth investment for Lombard's 2007 vintage fund.
http://www.lombardinvestments.com
SOURCE Lombard Investments, Inc.
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