Harmony Asset announces unaudited consolidated net asset value and other businesses

About this update from Harfang Exploration, Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 15 /CNW/ - Harmony Asset Limited announced that as at\nDecember 31st 2007, the unaudited consolidated net asset value ("NAV") per\nshare of the company was CAD $0.97 as compared to NAV of November, with a 3.5%\ndecrease (CAD $1 (equal sign) HKD $7.6).\n\n\nThe TSX closing price on December 31st 2007 was CAD$0.79 and had a\ndiscounted value of 18.56% compared with the NAV as at December 31st 2007.\n\n\nFood and Retail sector:\n\n\nTo further expand business scope, one of our investee companies will open\nanother Japanese restaurant, as well as its second beauty treatment center to\nbe located in the central district of Hong Kong. The two outlets are expected\nto begin business by end of January 2008.\n\n\nResource and Material sector:\n\n\nProsperity International Holdings (H.K.) Limited, one of our investee\ncompanies, recently acquired a granite mining site. The total estimated\nmineral resources of the site is approximately 4,000,000 m(3) which includes\ncrude dimension stone of approximately 800,000 m(3), and the estimated annual\nproduction volume of feldspar powder and crude dimension stone from the site\nis 80,000 tonnes.\n\n\nAbout Harmony\n\n\nHarmony Asset Limited is a Hong Kong-based investment company focused\nprimarily on unlocking the value in overlooked, privately and publicly held,\nemerging Chinese companies. Harmony focuses on the private industry that is\nshifting to process technology and value-added services. It positions itself\nin sound emerging private companies, with the emphasis on those focusing on\nhigh growth from the domestic market in the following markets: resources and\nmaterials, manufacturing/technology, and food and retail.\n\n\nDisclaimer\n\n\nEvery attempt has been made to ensure the information contained herein is\nvalid at the time of publication. Any statements involving matters of opinion\nor estimates, whether or not so expressly stated, are set forth as such and\nnot as representations of fact, and no representation is made that such\nopinions or estimates will be realized.\n\n\n","length":2146,"tagName":"div"}]

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