9 January 2012
China Private Equity Investments Holdings Limited ("CPEH" or the "Company") Directorate Change
China Private Equity Investments Holdings Limited (AIM: CPEH)
announces that Duncan Chui, Chief Executive Officer of the
Company, has today stepped down from the Board. Recently, Mr
Chui has spent significant time working with the Company's
principal investee company, Fortel BVI ("Fortel") and Mr Chui
and the Board believe that it is important that he devotes
all his energies in the coming months on achieving a
successful IPO for Fortel. In this regard Mr Chui will
continue in his role as Chief Investment Officer of the
Company.
Fortel is a digital media and technology services company
operating primarily in China, and accounts for the main
component of the Company's net asset value. The Company holds
a
33.6% equity interest in Fortel which continues to perform
well and plans to file its listing
application in Hong Kong in 2012.
John Croft, currently a Non-executive Director of the
Company, has been appointed as
Interim Chief Executive.
Patrick Macdougall, Chairman of CPEH, said: '' Duncan's new
role reflects the main current priority of the Company which
is to deliver value to shareholders through its key
investment, Fortel, and the Board looks forward to his
continued contribution in developing CPEH's business''
For further information, please visit www.cpe-invest.com or
contact:
China Private Equity Investments Holdings Limited Maria Leung, Corporate Communications Manager | +852 2801 6770 |
Shore Capital and Corporate Limited (Nominated Adviser) Bidhi Bhoma / Stephane Auton | +44 (0)20 7408 4090 |
Tavistock / First City Public Relations Allan Piper Simon Hudson | +852 2854 2666 +44 (0)20 7920 3150 |
distribué par | Ce noodl a été diffusé par CPE - China Private Equity Investment Holdings Ltd. et initialement mise en ligne sur le site http://www.cpe-invest.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-09 23:02:24 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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