MAC Capital Group strengthens Asian links

Quam is a financial services, corporate finance, stock broking, wealth management and online financial group, based in Hong Kong and with its shares listed on the Hong Kong Stock Exchange. It has interests in stock broking, funds management, broking and investment banking operations in Asia, including Japan, Thailand, Singapore and China. It was a founding shareholder of MAC.

MAC is a company incorporated in Hong Kong and founded by its Chairman and major shareholder, Robert W. McMillen. The Company has established two operating companies in Dubai, namely;

MAC Sharaf Securities (U.A.E.) LLC, which is owned by MAC (49%), Sharaf Investments LLC (25.5%) and Maj. Gen. Mohammed Abdul Rahim Al Ali (25.5%). MAC Sharaf is licenced to trade local shares in the U.A.E., being a stock broker on the Dubai Financial Market, the Abu Dhabi Securities Market and it may also trade shares on the Dubai International Financial Exchange ("DIFX") through its associate MAC Capital Limited.

MAC Capital Limited, a wholly owned subsidiary of MAC, is regulated by the Dubai Financial Services Authority as an approved Category 2 Authorised Firm within the Dubai International Financial Centre. MAC Capital offers its clients a full range of financial, broking and investment banking services, including mergers and acquisitions, listings, underwriting, corporate advisory and securities brokerage with a focus on cross border transactions. It also has a trading seat on the DIFX.

Bernard Pouliot, Chairman of Quam, said: "We are founder shareholders of MAC and this recent acquisition of shares has confirmed our commitment to MAC as our partner in the United Arab Emirates. We believe that MAC is well positioned to benefit from the expected future growth of Dubai and indeed the entire GCC and see tremendous synergy between the Middle East and Asia."

Robert W. McMillen, MAC's Chairman and Founder added "The continued support of the Quam Group has again been demonstrated by this acquisition. I have personally had a strong working with the Quam Group for almost 15 years and see this as a natural extension of our relationship. Some of our smaller shareholders have realized a very nice capital gain from the sale and I also thank them for their past support."

MAC recently announced its first transaction on the DIFX with the proposed private placement and the secondary listing of shares in Tethys Oil AB (public), a company listed in Sweden and with its major oil assets in Oman.