Johnny Hon eyes new London launch

Hong Kong entrepreneur Johnny Hon, the well-connected boss of AIM-quoted Chinese lottery operator Betex, plans to float yet another of his companies in London.

Only weeks after launching media and entertainment specialist Global Entertainment Group onto PLUS Markets (formerly Ofex), he is preparing a similar course for a sister company, Global Educational Group.

Headed by mainland China-based Jean Dong, Global Educational seeks to find work experience for Chinese students flocking in ever-greater numbers to the UK. There are estimated to be around 70,000 Chinese students in Britain, who would like to spend some time learning about British work life but – outside take- away food establishments and pubs – don’t know how to set about it.

Global will find places for such students in banks and elsewhere, in return for a fee. Companies wanting to source such cheap and industrious labour can pay £300 to be sent lists of work experience candidates.

Global Entertainment, whose shares have eased slightly since their PLUS float, plans to produce and acquire content for the Chinese and Indian markets and is advised by entrepreneurial Atlantic Law. So is Global Educational, which has not finalised the terms of its London offer.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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