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Last checked at 
6 Dec 2017 10:30
6 December 2017
Safestay plc
("Safestay", the "Company" or the "Group")
Directorate Change
Safestay (AIM:SSTY), the owner and operator of a new brand of contemporary hostel, announces the appointment of Mr Anson Chan, who will join the Board of the Company as Non-Executive Director with immediate effect. Mr Chan is a Director and Co-Founder of Pyrrho Investments Ltd which owns 21.99% of the Company's issued share capital.
Mr. Anson Chan is a respected Hong Kong businessman who has accumulated a variety of management and investment experiences. Over the years, he has served as an executive director for his family's real estate development and investment business, the Bonds Group of Companies. Before joining his family business, Mr. Chan was an associate director in the proprietary investments group for a Japanese investment bank, Nomura International, from 2000 to 2004, and of AIG Investment Corporation from 1998 to 2000. He was responsible for developing new investment opportunities in private equity in Greater China. In addition, Mr. Chan is a seed investor and responsible officer of an Asia-focused fund, Evenstar Fund. From 2005 to 2008, he also served as a senior advisor to Elliott Associates, a leading U.S. based activist investment fund with assets under management in excess of UK$10 billion.
Commenting on his appointment, Group Chairman Larry Lipman said "We are very pleased to welcome Anson to the Board. He has substantial board level experience and an excellent understanding of our business. 2017 so far has been transformative for Safestay with the hostel portfolio increasing threefold through a series of acquisitions. Anson's appointment is therefore well timed as we look to take advantage of his experience of developing young growing companies and build on this momentum."
Anson Chan (aged 54) holds or has held directorships and partnerships in the five years preceding his appointment at the Company as follows:
Current Directorships | Previous Directorships | |
A.V.C. Property Development Co. Ltd. |
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Achieve Investments Limited |
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Apex Choice Holdings Limited |
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Asia Maker Limited |
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Asia Pacific Wire & Cable Co., |
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B.P.Y.A. 300 Holdings Ltd. |
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Beijing Serviced Apartments (H. K.) Holdings Ltd. |
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Best Epoch Holdings Ltd |
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Best Plan Development Limited |
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Bon Tai Investment Limited |
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Bond Success Development Limited |
| |
Bondalliance Global Limited |
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Bondly investments Limited |
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Bonds & Sons Holdings Limited |
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Bonds & Sons International Limited |
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Bonds Chan Family Holdings (PIC) Limited |
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Bonds Chan Family Holdings (PTC) Limited |
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Bonds Group Company Limited |
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Bonds International Ltd. |
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Bonds Land Investment Co., Ltd. |
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Bonds Land Investment Company Limited |
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Bondsland Trading Company Limited |
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Bondsrich Investments Singapore Pte. Ltd. |
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Boniand Development Limited |
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Bonland Development Limited |
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Bosan Limited |
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Boson Development Limited |
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Breakthrough Investments Ltd. |
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Broad Capital Investments Ltd |
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Broada International Limited |
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Broads International Limited |
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Chan Shu Kui Memorial School School Management Corn Ltd. |
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Chan's Educational Organisation Limited |
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City Chain Hotel Management Ltd |
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City Rich Corporation Limited |
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Dr. Seaker Chan Education Foundation Limited |
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Eagle Fort Global Limited |
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Empress Associates Ltd. |
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Excel Success Investment Limited |
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Fortborough Inc. |
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Fudan University Education Development Foundation |
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Gallant Victor Holdings Ltd |
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Gallant Victor Pte. Ltd. |
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Global Conqueror Limited |
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Gold Brighter Investment Ltd |
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Gold Standard Real Estate Agency Ltd |
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Golden Code Development Limited |
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Golden Maker Limited |
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Golden Wonder Limited |
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Grand Amusement Company Limited |
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Grosswell Limited |
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Grow Bright Investments Limited |
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Harwell International Investment Limited |
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Hero Sunny Limited |
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Holdwin Limited |
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Homestead Group Limited |
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Hong Kong And Mainland International Investment Society Limited |
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Hotel Pravo Hong Kong Limited |
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Howe Street Developments General Partnership Ltd. |
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Howe Street Developments Ltd. |
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Joint Oriental Investments Limited |
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Kindness Investment Holdings Overseas Limited |
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Kui Yuen Company Limited |
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Lady Secret Ltd. |
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Leader Shine Limited |
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Leading Sunny Limited |
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Lucky Richest Limited |
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Marco International Holdings Limited |
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Melbourne Management Limited |
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Middle Bench Vineyards Holdings Ltd. |
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Million Tender Limited |
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Mornington Developments Ltd. |
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New Zeal Investments Limited |
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Next Apex Ltd |
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Pacific Global Limited |
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Pacific Matrix Ltd |
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Perfect Horizon Ltd |
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Poly Active Limited |
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Polyinterest Inc. |
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Pyrrha Investments Ltd |
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Pyrrho Investments Ltd |
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Pyrrho Management Ltd |
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Radcliffe Enterprises Limited |
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Rich Keen (Hong Kong) Limited |
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Richest Grow Limited |
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Richfast Development Co., Ltd. |
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Rosy Value Limited |
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Sandmoor Associates Limited |
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Seabreeze Associates Limited |
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Seaker & Sons Hospitality Inc. |
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Shamshuipo Schools Limited |
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Shamshulpo Schools Limited |
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Shine Grace Investment Ltd. |
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Shinning International Holdings Ltd. |
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Smartco Investment Limited |
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Soderick Limited |
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Sonata Symphony Sdn. Bhd. |
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Speed Tender Limited |
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Strawberry Investment Holdings Overseas Limited |
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Sun Rays International Limited |
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Sunny Century investment Limited |
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Sunny Eastern Limited |
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Sunny Scene Limited |
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Super Best Enterprise Ltd |
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Super Link Profits Lid. |
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Super Link Profits Ltd. |
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Surrey Central Developments Ltd. |
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The Pravo Group Ltd |
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Victor Time Limited |
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Well Champ Properties Limited |
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West Village General Partnership |
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West Village Parcel 6 GP Ltd. |
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West Village Parcel 6 Holdings Ltd. |
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West Village Parcel 7 GP Ltd. |
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West Village Parcel 7 Holdings Ltd. |
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West Village Parcel 8 GP Ltd. |
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West Village Parcel 8 Holdings Ltd. |
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World Quest international Ltd. |
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Yinrex Ltd |
|
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Yinrex USA, Inc. |
| |
Save as disclosed above there are no additional disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM rules.
Enquiries
Safestay plc | +44 (0) 20 8815 1600 |
Larry Lipman |
|
Sharon Segal |
|
Canaccord Genuity Limited(Nominated Adviser and Broker) | +44 (0) 20 7523 8000 |
Chris Connors Martin Davison |
|
Novella | +44 (0) 20 3151 7008 |
Tim Robertson |
|
Toby Andrews |
|
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