ASF GROUP LIMITED 
By Bennelong, 2/3B Macquarie Street
Sydney NSW 2000
Telephone: (61 2) 9251 9088
Facsimile: (61 2) 9251 9066 www.asfgroupltd.com
9 January 2013
The Manager
Company Announcements
Australian Stock Exchange Ltd
20 Bridge Street
Sydney 2000
via: www.asxonline.com
Dear Madam/Sir
ASF Group Limited ("ASF") is very pleased to announce that it has acquired the remaining 25% shareholding interest in ASF Balmoral Pty Ltd (the "Company") from Mr Alan Humphris (a non-executive director of ASF) and his associates. Following the acquisition, the Company becomes a wholly owned subsidiary of ASF.
It is proposed to change the name of the Company to ASF CAPITAL PTY LTD ("ASF Capital") which will continue to operate under its Australian Financial Services licence. ASF Capital will:
• Build on its investment banking activities by assisting Australian companies to access capital from China and advising Chinese businesses with proposals to make acquisitions in Australia or list on the ASX.
• Continue its present Funds Management operation by representing specialist Asian investment funds which have an emphasis on China, to institutional and sophisticated investors in Australia.
Further ASF Capital plans to form a regulated Managed Fund with a mandate for investing in Australia and which is designed to attract professional investors from China. In this process ASF Capital will access ASF's substantial database of Chinese entrepreneurs and investors that has partnered and co-invested with ASF since its inception 7 years ago. Additional announcements will be made as our plans are implemented.
Information about ASF
ASF is unique among ASX-listed public companies in Australia as a creator and facilitator of two-way cross-border investments, trade and technology transfers between China and Australia.
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Since its transformation into a Sino-Australian investment and trading house in 2006, ASF has focussed principally on the identification, incubation and realisation of embryonic opportunities in the resources, commodities trading and residential real estate sectors, with a secondary involvement in travel and financial services.
With the successful monetisation of several of its projects in 2011 & 2012, ASF now has proven expertise in the transformation of early-stage Australian resource opportunities into deliverable projects through joint venturing with its expanding network of major Chinese mining, trading and strategic investor partners.
William Kuan Company Secretary Ph: +612 9251 9088
Fax: +612 9251 9066
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