Resignation of Executive Chairman
June 24 2009 - 6:48AM
UK Regulatory
TIDMTAZ
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 | Tel:+852 3719 7300 |
| Lawrence Man Kwan NG | |
| 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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