Auric Pacific Group
Oxley acquired a strategic stake in Auric Pacific in December 2009. Oxley advised the management on operational, financial and investor relations issues, in an effort to enhance shareholder value.
The investment was driven by three main initiatives:
- Drive sustainable earnings growth through operational efficiency and tighter cost controls
- New store roll-outs to expand market coverage and grow sales
- Rationalize unprofitable operations
In May 2011, Oxley sold its stake in Auric Pacific Group, by which time the share price of this company showed significant improvement.