RNS out1 Jun 2016 13:39
Change of Advisers, Board Changes and Update
RNS Number : 9082Z
New Trend Lifestyle Group plc
01 June 2016
New Trend Lifestyle Group plc
("NTLG" or the "Company")
Change of Advisers, Board Changes and Strategy Update
New Trend Lifestyle Group plc, the Singapore-based Feng Shui products and services group makes the following announcement.
Appointment of Nominated Adviser and Broker
SPARK Advisory Partners Limited has been appointed as the Company's nominated adviser and SI Capital Limited as the Company's broker, in each case, with immediate effect.
Board Changes
Robert Goddard, Non-executive Chairman, has resigned from the Board with immediate effect. The Board would like to thank Robert for his service since his appointment at the time of the IPO in 2012.
In addition, Gregory Collier, Nancy Leung Bo Yee and Jacky Leung Chi Chu have been appointed to the Board as non-executive Chairman, non-executive director and executive director respectively.
Brief details on the new directors are as follows:
Gregory Collier ("Greg") (aged 55) Non-Executive Chairman
Greg has more than 30 years of financial and commercial experience, having been involved in running businesses in contract cleaning, leisure, restaurant, property, and toy distribution. He is presently on the board of several investment companies quoted on AIM and ISDX, including Eastbridge Investments Plc, Early Equity Plc and Etaireia Investments Plc.
Greg will bring to the board of NTLG substantial UK corporate finance experience. NTLG will benefit from Greg's extensive network in the London capital markets and his experience as a director of many quoted companies.
Leung Bo Yee ("Nancy") (aged 43) Non-Executive Director
Nancy is a practising solicitor in Hong Kong and has almost 20 years of experience in the legal field. She spent six years at Clyde & Co. before co-founding her own law firm, Leung & Lau Solicitors in 2004. Nancy graduated from the University of Cambridge with a LLM in Commercial Law with Second Class Honours (Division One) and was awarded a large number of scholarships during her studies.
Nancy will bring to the board of NTLG almost 20 years of legal experience in the Far East. NTLG will benefit from Nancy's legal experience, especially in the areas of M&A, commercial law, and corporate governance.
Leung Chi Chin ("Jacky") (aged 56) Executive Director
Jacky is presently the CEO of his own asset management firm in Hong Kong, Creative Asset Management Limited. Creative has audited assets under management of more than USD250 million at the end of 2015. Jacky is licensed by the Hong Kong Securities and Futures Commission to conduct type 4 (advising on securities) and type 9 (asset management) activities in Hong Kong.
Jacky will bring to the board of NTLG over 25 years of experience in banking & investments and eight years of experience in the ru