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RNS Number : 4252U
Tai Zi Capital Ltd
24 June 2009
24 June 2009
Tai Zi Capital Ltd ("Tai Zi" or the ''Company'')
Resignation of Executive Chairman
The
Board of the Company wish to announce that Mr. Jen-Ching Chen, the executive
chairman of Tai Zi has resigned with immediate effect.
This
resignation follows the announcement made on 4 June 2009 which outlined that
Mr. Jen Ching Chen was detained by Taiwanese prosecutors on 2 June 2009 to
assist with their investigations into possible fraud involving Prince Housing
and Development Corp ("Prince Housing"), a property development
company quoted on the Taiwan Stock Exchange.
The
Board would also like to assure shareholders of Tai Zi that the Company is also
not under any investigation nor has the Company been requested to participate
in any enquires by the Taiwanese prosecutors with regard to Mr. Jen Ching
Chen. The resignation was mutually agreed with the Board in order to avoid the
on-going investigation interfering with the operations of the Company.
For further information, please contact:
|
Tai Zi Capital Ltd Lawrence Man Kwan NG www.taizicapital.com |
Tel:+852 3719 7300 |
|
ZAI Corporate Finance Ltd Dominique Doussot/Jonathan Evans |
Tel: +44 (0)20 7398 2900 |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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