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RNS Number : 3456T
Tai Zi Capital Ltd
04 June 2009
Embargo for 7.30am 4 June 2009
Tai Zi Capital Ltd (the 'Company' or "Tai Zi")
Further details regarding suspension of shares on AIM
The board
of Tai Zi Capital Ltd regrets to announce that Mr. Jen-Ching Chen ("Mr.
Chen"), Executive Chairman of Tai Zi was
detained by Taiwan 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.
Prince Housing announced that it would cooperate with the investigation. Prince Asset Management is interested in 83% of the issued share capital of Tai Zi. Prince Housing is the ultimate controlling shareholder of Prince Asset Management.
The Company will update shareholders once further information has been made available.
For further information, please contact:
|
Tai Zi Capital Ltd Lawrence Man Kwan NG/David Thomas |
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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