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22 Nov 2010 07:09
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ET-CHINA.COM INTERNATIONAL HOLDINGS LIMITED ("Et-china")
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Update
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Et-china, a leading travel services group in the fast growing region of South China,Β has been notified that Mathew Ng, Chief Executive Officer, has been detained by Guangzhou police as part of their investigations as a suspect of the crime of misappropriation of company assets. At present Et-china has no further information about the cause of his detention. As far as Et-china is aware at present Matthew Ng has not been charged with any offence.
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Chris Rose, Non-Executive Director, will assume the role of acting CEO of Et-china.
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Chris Rose, acting CEO, commented "the Board are supportive of Matthew and are seeking an early resolution of this matter to enable him to resume his role as Chief Executive Officer as soon as possible".
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A further announcement will be made in due course.
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