Sale of Total's Shares & Board Change-Replacement (7905N)
September 08 2011 - 2:09AM
UK Regulatory
TIDMTIL
RNS Number : 7905N
Tembusu Investments Limited
07 September 2011
The following amendments have been made to the "Sale of shares
by Total International Investments Limited and change of the board
of directors" announcement released on 7 September 2011 at 09:52
under RNS No 7839N.
Lai Seng Kwoon's directorships of Celestial NutriFoods Limited
(provisional), China Milk Products Group Limited and China Sun
Bio-Chem Technology Group Co Limited (provisional) have been moved
to the "Previous directorships" column as Mr Lai has resigned from
these companies. The liquidation of China Milk Products Group
Limited has also been marked "provisional" and the column headings
have been updated to reflect the fact that none of his current
directorships are now of companies in provisional liquidation, but
some of his previous ones now are.
The date of the announcement has also been corrected from 6
September 2011 to 7 September 2011.
All other details remain unchanged.
The full amended text is shown below.
______________________________
7 September 2011
Tembusu Investments Limited
("Tembusu" or the "Company")
Sale of shares by Total International Investments Limited and
change of the board of directors
The Company has been informed that Total International
Investments Limited ("Total"), which is at present the majority
shareholder in the Company, entered into a conditional agreement on
5 September 2011 with Shine Link Limited to sell to it 45 million
ordinary shares of one penny each in the capital of the Company
("Shares"), respectively, for a total GBP1,720,000.00 (the "Sale").
The Agreement has become unconditional and the Sale is now
completed. Total no longer holds any Shares.
The current Board of Directors, Mr Yahya Mirza, Ms Zhang Yun and
Mr Robert Wearing will resign on 7 September and be replaced by the
appointment of a new executive director, Chan Fook Meng and one non
executive director, Mr Lai Seng Kwoon. An additional non executive
director will be appointed as soon as possible and a further
announcement will be made in due course. Details of Mr Chan and Mr
Lai are set out below. The new management will seek to enhance
shareholder value by acquiring suitable high growth businesses in
Asia. Any change to the existing investment strategy of the Company
will need to be approved by shareholders at a General Meeting. The
Company takes this opportunity to express its sincere appreciations
to Mr Mirza, Ms Zhang and Mr Wearing for their support and
contributions in the past.
Mr Chan Fook Meng owns 100% of Shine Link Limited, a British
Virgin Islands registered company. In addition, Mr Chan has
purchased all the shares in Bernholz Limited from Mr Lawrence
Cheung. Through Bernholz Limited, Mr Chan holds another 10 million
Shares. Upon completion of the Agreement, Mr Chan will indirectly
hold 55 million Shares representing approximately 78.57 per cent.
of the issued share capital of the Company and, in addition,
through Bernholz, Mr Chan will hold warrants over a further 30
million shares in the Company.
For enquiries:
Tembusu Investments Limited Tel: +65 9630 7808
Chan Fook Meng, Chairman and Chief Executive Officer
Allenby Capital Limited (Nominated Adviser and Broker) Tel: +44 (0)20 3328
5656
Brian Stockbridge
Dan Robinson
James Reeve
Regulatory disclosures
Chan Fook Meng (aged 50) and Lai Seng Kwoon (aged 52) are or
have been directors of the following companies in the last five
years:
Director Current directorships Previous directorships
Chan Fook Bestsky Consulting 7 Labs Pte Limited
Meng and Business Solutions Alchem Global Private
Private Limited Limited
Claymore Technology CNAM Management
Private Limited Services Private
Clementi Distribution Limited
Private Limited Lucas H&P Private
Equity Chambers (Asia) Limited
Private Limited Park One Private
Fairway Everbright Limited
Private Limited Startech Loyalty
First Carbon Holdings Private Limited
Limited Sunlabel Private
First Carbon Trust Limited
Limited Tembusu Investments
Foresight Associates Limited
Private Limited Total International
Healthgrowth Private Investments Limited
Limited UniLegal LLC
Jersey Hills Holdings Veles Solutions
Limited Private Limited
Kian Contract (S)
Private Limited
M.E.I. Consultants
Private Limited
Menora Construction
Private Limited
Menora Trading Limited
Orlit Enterprises
(S) Private Limited
Purestar Group Limited
Quality City Limited
Sea Rock Holdings
Limited
Shine Link Limited
SPT Asia Private
Limited
Superall Investments
Limited
Total Management
Private Limited
Tricor Environmental
Private Limited
Tricor plc
Vantage Capital Private
Limited
Vantage Corporation
Limited
Watermark Construction
Private Limited
Watermark Developments
Limited
Watermark Developments
Private Limited
Your Majesty Entertainment
Private Limited
Riester Limited
Central Partners
Investments Limited
Lai Seng Aero Inventory Singapore Corporate Planning
Kwoon Private Limited Advisory Private
China Sky Chemical Limited
Fibre Co Limited Corporate Professional
Egg Harvest Private Advisors Private
Limited Limited
LMS Consulting Private Faulding Distributors
Limited (SEA) Private Limited
Marble Bar Asset Hengxin Technology
Management (Singapore) Limited
Private Limited Kingsville Capital
Oceanus Group Limited Limited
Reed Works Limited KNP Investments
The Training Advisory Private Limited
Company Pte Limited Landwind Medical
United Sino Limited Holdings Limited
LB Queensland Pte
Limited
Lehman Brothers
Asia Pacific (Singapore)
Private Limited
Lehman Brothers
Bangkok Riverside
Development Private
Limited
Lehman Brothers
Capital Asia Private
Limited
Lehman Brothers
Commodities Private
Limited
Lehman Brothers
Finance Asia Private
Limited
Lehman Brothers
Investments Private
Limited
Lehman Brothers
Pacific Holdings
Private Limited
Lehman Brothers
Thailand Investments
Private Limited
Sail Investor Private
Limited
Sino Construction
Limited
Startech Electronics
Limited
Thai Copper Industries
Public Company Limited
Current directorships Previous directorships
of companies in liquidation: of companies in
provisional or actual
liquidation:
Lai Seng Celestial (Singapore) 2BSure.com Private
Kwoon Nutrifoods Private Limited
Limited Bizworks Consulting
China Sun Bio-Chem Private Limited
Technology (S) Co Celestial NutriFoods
Private Limited Limited (provisional)
New City Asia Fund China Milk Products
Management Private Group Limited (provisional)
Limited China Sun-Bio-Chem
Oriental Century Technology Group
Limited Co Limited (provisional)
NCAT 2 Private Limited*
NCAT 3 Private Limited*
New City Asia Trust
Management Private
Limited*
New City Group Funds
Management Private
Limited*
Santa Rosa Investments
Private Limited
TAS Express Asia
Pacific Private
Limited
In Mr Lai's professional capacity as an accountant he acts as
nominee director or for listed companies as independent director of
a number of companies in liquidation referred to under his name
above. These appointments were assumed to enable the relevant
companies to comply with local regulatory requirements, for planned
restructurings and where the companies were to be put in
liquidation, in order to facilitate the liquidation process. A
number of these cases were for the purposes of a solvent
liquidation. In respect of the companies above marked with an * his
appointment as director occurred after the company was placed into
liquidation.
Save as disclosed above, there are no further disclosures to be
made in relation to Chan Fook Meng or Lai Seng Kwoon under Schedule
Two, paragraph (g) (i)--(viii) of the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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