2 Jan 2014 14:18
2 January 2013
New Trend Lifestyle Group plc
(the "Company")
The Board has noticed the significant increase in the Company's share price this morning. Shareholders will be aware of the recent appointment of Matthew Pau to the board as a non executive director and the resignation of James Tan, to pursue his other business interests.
The Board announces that there are a number of potentially positive developments that the Board is currently considering, which may or may not come to fruition, including expansion of the Company's franchise network. The Board is also in early discussions regarding a joint listing on GEM, the junior Hong Kong Stock Exchange, although no decision has yet been made and any joint listing would be unlikely before Q2 2015.
Contacts:
For further information:-
New Trend Lifestyle PLC 0207 653 9850
Robert Goddard, Chairman
Ajay Rajpal, Director & Interim CFO
Zeus Capital (NOMAD and broker)
Corporate Finance: Ross Andrews, Andrew Jones 0161 831 1512
Institutional Sales: John Goold 020 7533 7716
About New Trend Lifestyle
The Company was established in 2005 by Master Hillary Phang. NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations. These have recently been complemented by Tarot Cards readings and an on-line dating service using Feng Shui principles.
NTL is one of the leading branded Feng Shui consultancies in Asia, selling its services to a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers, which leads to the provision of a number of products and services.
Feng Shui is endemic in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a profitable business with a strong brand and deep-seated cultural drivers.