28 Aug 2012 13:23
28 August 2012
China Private Equity Investment Holdings Limited (AIM: CPEH)
("CPE" or the "Company")
Mr Duncan Chui
China Private Equity Investments Holdings Limited (AIM: CPEH) announces that Mr Duncan Chui, the Company's Chief Investment Officer (who is not a director of the Company), has been criticised by the Market Misconduct Tribunal in Hong Kong ("MMT") in relation to dealings in the shares of a Hong Kong Stock Exchange listed company, Sino Katalytics Investment Corporation which is unrelated to the Company, undertaken by Mr Chui in January 2009, prior to CPE being admitted to trading on AIM in October 2009. Mr Chui has strongly denied the allegations made against him and intends to appeal the decision of the MMT.
The day to day management of the Company has not changed as a result of the MMT decision and Mr Chui will continue to focus on overseeing the progress of portfolio investments. The Company's board of directors retains responsibility for the investment decisions of the Company.
For further information, please visit www.cpe-invest.com or contact:
Maria Leung, China Private Equity Investment Holdings Ltd:
Azhic Basirov / Siobhan Sergeant, Smith & Williamson Corporate Finance Ltd:
Allan Piper, First City Public Relations (Hong Kong):
Simon Hudson, Tavistock Communications (London):
www.cpe-invest.com
| +852 2801 6770
+44 (0) 20 7131 4000
+852 2854 2666
+44 (0) 20 7920 3170
Ticker symbol: CPEH |