Appointment of a director and an EVP (7559S)
November 25 2011 - 2:00AM
UK Regulatory
TIDMTIL
RNS Number : 7559S
Tembusu Investments Limited
25 November 2011
25 November 2011
Tembusu Investments Limited ("Tembusu"or the "Company")
Appointment of a director and an executive vice president
("EVP")
The board of directors of Tembusu (the "Board") is pleased to
announce the appointment of Mr Chung Dongwook as a non executive
director of the Company and also of Mr Enrique Lopez de la Mesa as
EVP Corporate Development, a non-Board position.
Mr Chung is a businessman living in Mongolia and has been
involved in a number of natural resources ventures. He has a
network of contacts in Mongolia.
Mr Lopez de Mesa is a senior natural resources and finance
professional possessing capital markets experience. He has been
active with such mining groups as Sino Vanadium Inc., Alpaca
Resources Inc. (a Peruvian mining exploration company) and Southern
Oregon Gold Corp.; in addition he has served as director of several
TSX-V, NASDAQ, OTC and PLUS-traded resources companies, including
Veraz and Petrolympic, where he served as Chairman. For the past 15
years, he has had an Asian practice involving a range of companies
with a focus on China and Mongolia. Previously he was a Canadian
vice-president for a leading Hong Kong mid-market financial
services group. His investment banking and corporate finance
experience at PWC Securities and Barclays plc's investment bank
included debt and equity issues, mergers and acquisitions and
valuations; he has completed over 50 transactions, principally in
natural resources. Recently he was involved in the acquisition and
development of an iron ore mine in Mongolia.
The Board believes that both Mr Chung and Mr Lopez de Mesa will
add value to the Company over time.
The Board is also please to announce that it has appointed both
Mr Chung and Mr Lai Seng Kwoon to the four subcommittees of the
Board. These subcommittees are Management, Audit, Remuneration and
Nominations.
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:
Chung Dongwook has or has been a director of the following
companies in the last five years:
Current directorships Previous directorships
-- Cascade Mining LLC --
-- Oxley Mining Limited
-- Alchem Global Pte Ltd, Singapore
There are no disclosures to be made in relation to Chung
Dongwook (aged 42) 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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