Announcement

Dear All: I am pleased to inform you that on Thursday, August 4th the Board of Directors of Echelon Financial Holdings Inc. ("Echelon") approved an offer from New Nordic Advisors Limited (“New Nordic”) to purchase all outstanding shares of Echelon in QIC Holdings ApS ("QIC"). QIC is the sole owner of all outstanding shares of Qudos Insurance A/S (“Qudos”) and with this purchase New Nordic will acquire control of Qudos. New Nordic is a European investment management group with expertise in the general insurance and a strong desire to expand Qudos business development…continue reading →