VES Vestpa

RNS Number:2351J
Vestpa PLC
05 December 2007

For immediate release

Not for release, publication or distribution in whole or in part in or into the
    United States, Canada, Japan, Singapore, the Peoples' Republic of China,
 Australia, the Republic of South Africa or any other jurisdiction where it is
                               unlawful to do so

                                                                 5 December 2007

                                   Vestpa Plc
                          ("Vestpa" or "the Company")

                Result of General Meeting and Revised Timetable

The Board of Vestpa is pleased to announce that the resolutions proposed at the
General Meeting held earlier today to approve, inter alia, the acquisition of
Full Fortune Holdings Pte. Limited, the 1 for 40 share consolidation, the
adoption of new Articles of Association, the change of name to "China Food
Company Plc" and the allotment of New Ordinary Shares including the Acquisition
Shares and the Subscription Shares relating to the Subscriptions for 16,666,667
New Ordinary Shares to raise #5 million in cash before expenses, and related
matters, as set out in the notice of General Meeting dated 12 November 2007,
were duly approved by Shareholders. The Acquisition and the Subscriptions remain
conditional on Admission.

As referred to above, a resolution to approve the consolidation of the ordinary
shares in issue was passed today in order to re-base the Company's share price.
Pursuant to this resolution, every 40 Ordinary Shares in issue will be converted
into 1 New Ordinary Share of 4p with effect from the close of business on 7
December 2007. Trading in the Existing Ordinary Shares on AIM will therefore
cease with effect from the close of business on Friday 7 December 2007.
Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM.

Revised Timetable

Admission is now expected to become effective and dealings in the 66,400,001 New
Ordinary Shares are expected to commence at 8.00 a.m. on Monday 10 December
2007, under the Company's new name of China Food Company Plc (AIM: CFC).
Completion of the Acquisition is also now due to take place on 10 December 2007.

With effect from Admission, Raphael Tham will be appointed as Chief Executive
Officer, Feng Bo as Chief Operating Officer, Frank Chau as Chief Financial
Officer and Derek Marsh as a Non-executive Director. John McLean will assume the
role of Non-executive Chairman and both James Cane and Thomas Vaughan will
resign from the Board. Save as set out in the Admission Document that was posted
to Shareholders on 12 November 2007, there is no further information to be
disclosed in respect of the Proposed Directors under paragraph (g) of Schedule
Two of the AIM Rules for Companies.

Subscription Shares to the value of approximately #29,190 and #10,000 have been
subscribed for by John McLean and Derek Marsh respectively, at the subscription
price of 30p per New Ordinary Share. Accordingly, on completion of the
Subscriptions and Admission, Mr McLean and Mr Marsh will be interested, in
97,300 and 33,333 New Ordinary Shares respectively, representing approximately
0.15 per cent. and 0.05 per cent of the enlarged issued share capital of the
Company.

In addition, Albany Capital Plc has subscribed for, in aggregate, 7,807,500
Subscription Shares comprising 7,178,342 Subscription Shares firm and 629,158 of
the additional 9,488,325 Subscription Shares that were subject to claw back.
Accordingly, on completion of the Subscriptions and Admission, Albany Capital
Plc will be interested in aggregate, in 13,280,000 New Ordinary Shares
representing approximately 20.00 per cent. of the enlarged issued share capital
of the Company.

The revised timetable for the remaining principal events is summarised below:

Latest date for dealings in Ordinary     Close of business on 7 December 2007
Shares and for registration of
transfers
Record date for the Capital              Close of business on 7 December 2007
Reorganisation
Admission effective and dealings in                          10 December 2007
the Enlarged Share Capital expected to
commence on AIM
Completion of the Acquisition                                10 December 2007
CREST accounts expected to be credited                       10 December 2007
with the New Ordinary Shares,
including the Acquisition Shares and
Subscription Shares (where applicable)
Definitive share certificates for the                        18 December 2007
New Ordinary Shares, including the
Acquisition Shares and the
Subscription Shares (where applicable)
to be despatched by

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the Admission Document to shareholders
of the Company dated 12 November 2007.

Enquiries:

Vestpa Plc
John McLean, Executive Director              Tel: +44 (0)7768 031 454

Strand Partners Limited
James Harris                                 Tel: +44 (0) 20 7409 3494
Matthew Chandler

Hansard Group
Adam Reynolds                                Tel: +44 (0) 20 7245 1100
John Bick

Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting as financial and nominated
adviser and broker to the Company in connection with the Acquisition, the
Subscriptions and the proposed admission of the Enlarged Share Capital to
trading on AIM. Its responsibilities as the Company's nominated adviser and
broker under the AIM Rules are owed solely to the London Stock Exchange and are
not owed to the Company or to any Director or Proposed Director or to any other
person in respect of their decision to acquire shares in the Company in reliance
on any part of this announcement. Strand Partners Limited is acting exclusively
for Vestpa and for no one else and will not be responsible to anyone other than
the Company for providing the protections afforded to their clients or for
providing advice in relation to the contents of this announcement or the
Acquisition, the Subscriptions or the proposed admission of the Enlarged Share
Capital to trading on AIM.

The Directors and Proposed Directors of Vestpa accept responsibility,
individually and collectively, for the information contained in this
announcement and for compliance with the AIM Rules. To the best of the knowledge
and belief of the Directors and Proposed Directors, who have taken all
reasonable care to ensure that such is the case, the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information.

This announcement does not constitute, or form part of, an offer or an
invitation to purchase any securities.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
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