Asian Citrus Holdings Ltd Directorate Change (1779A)
March 18 2013 - 2:01AM
UK Regulatory
TIDMACHL
RNS Number : 1779A
Asian Citrus Holdings Ltd
18 March 2013
18 March 2013
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Directorate Changes
Asian Citrus, the largest orange plantation owner and the single
largest orange producer in China, is pleased to announce the
appointment of Mr Hoi Yue Ng as an independent non-executive
director. The Company also announces that with immediate effect Hon
Peregrine David Euan Malcolm Moncreiffe has been re-designated from
a non-executive director to an independent non-executive
director.
As previously announced by the Company on 28 December 2012 Mr
Nicholas Smith has tendered his resignation as an independent
non-executive director with effect from 24 March 2013.
Mr Ng (aged 48) is an associate member of The Institute of
Chartered Accountants in England and Wales and a fellow member of
both the Hong Kong Institute of Certified Public Accountants and
the Association of Chartered Certified Accountants. He has been
practicing as a certified public accountant in Hong Kong since
1989. Mr. Ng is currently an independent non-executive director of
See Corporation Limited (stock code: 491) and Greenfield Chemical
Holdings Limited (stock code: 582), shares of both companies are
listed on The Stock Exchange of Hong Kong Limited.
Mr Ng has been appointed by the Company for a term of three
years and his directorship is subject to the relevant provisions of
retirement and re-election at the next general meeting of the
Company in accordance with the bye-laws of the Company. Mr Ng is
entitled to an annual independent non-executive director fee of
HK$240,000.
Mr Ng has been appointed as a member of the Audit Committee with
immediate effect. Mr Moncreiffe has been appointed as a member of
the Remuneration Committee with immediate effect and Mr Ng will be
appointed as the chairman of the Remuneration Committee in place of
Mr Smith with effect from 24 March 2013.
Save as set out in this announcement there is no other
information required to be disclosed under Schedule 2 paragraph (g)
of the AIM Rules.
About Mr Hoi Yue Ng
Current directorships and business interests:
Mr Ng has no interest in the ordinary shares of the Company.
Mr Ng is currently a director of See Corporation Limited,
Greenfield Chemical Holdings Limited, Hong Kong Securities
(International) Company Limited, Best Secretaries Limited and Lo
& Lo CPA Limited.
Past directorships and business interests in the previous five
years:
In the past five years Mr Ng has been the proprietorof Herman
H.Y. Ng & Co, a partner of Grant Thornton Jingdu Tianhua, a
director of Pan-China (H.K.) CPA Limited, Best System Secretaries
Limited, L&L Secretaries Limited, L&L Tax Consulting
Limited, L&L Corporate Services Limited, L&L Nominees
Limited, Earnest Investment Holdings Limited and Henry Group
Holdings Limited.
For further enquiries please contact
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Cantor Fitzgerald Europe (NOMAD and
Joint Broker)
Tom Sheldon / Rick Thompson (Corporate
Finance) +44 (0) 20 7107 8000
Richard Redmayne (Corporate Broking)
Liberum Capital Limited (Joint Broker)
Clayton Bush / Richard Bootle +44 (0) 20 3100 2222
Weber Shandwick Financial
Nick Oborne, Stephanie Badjonat,
John Moriarty +44 (0) 20 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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