Statement re. Suspension
June 04 2009 - 2:30AM
UK Regulatory
TIDMTAZ
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 | Tel:+852 3719 7300 |
| Lawrence Man Kwan NG/David Thomas | |
| www.taizicapital.com | |
| | |
+------------------------------------------------+-----------------------+
| ZAI Corporate Finance Ltd | Tel: +44 (0)20 7398 |
| Dominique Doussot/Jonathan Evans | 2900 |
| | |
+------------------------------------------------+-----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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