29 Jun 2009 07:00
CHINA REAL ESTATE OPPORTUNITIES PLC
Board Changes
China Real Estate Opportunities plc ('"CREO" or the "Company") announces the appointment of Richard Anthony David to the Board. Mr David, aged 46, is Managing Director of Treasury Holdings China Limited and based in Shanghai. He has worked in the real estate industry since 1981 and been based in China since 1999. He joined Treasury Holdings China Limited in August 2007 having previously been Head of China Real Estate for Macquarie Bank Limited of Australia.
The Directors would also like to announce that Mr Robert Tincknell, a non-executive Director of the Company, has resigned from the Board to take up a Directorship with Real Estate Opportunities plc ("REO"). Mr Tincknell was previously based in Shanghai and held the position of Managing Director in Treasury Holdings China Limited until early 2008 when he returned to the UK to take up the position of Managing Director of Treasury Holdings UK assuming operational responsibility for the UK activities of REO.
As with all appointments to the board of the Company, Mr David's appointment is subject to consent from the Jersey Regulator. Having regard to the residence of the Directors and the location of the Company's business and assets, The Panel on Takeovers and Mergers has confirmed that, upon Mr David's appointment becoming unconditional, it would no longer regard the Company as one to which the City Code on Takeovers and Mergers would apply.
Ray Horney, Chairman of CREO, commented:
"I would like to thank Rob for his contribution to the Company since its launch and welcome the appointment of Richard to the Board."
Details of Mr David's directorships in the last five years and current directorships are detailed below:
| Past directorships held within the last five years |
| Past directorships held within the last five years |
| Anting Investments Limited |
| Austian (Tianjin) Property Development Co Limited |
| China Property Investments Limited |
| First China Property Development Limited |
| First China Property Group Limited |
| First China Property Management Limited |
| Macquarie (Tianjin) Property Services Co. Ltd |
| Macquarie Hallway Property Limited |
| Macquarie Jin Lin (Mauritius) Pty Ltd |
| Macquarie Jin Lin Pty Limited |
| Macquarie Property China Pty Limited |
| Macquarie Real Estate Asia Limited |
| Markgold International Housing and Land Consulting (Beijing) Co Ltd |
| Markgold International Housing and Land Consulting (Shanghai) Co Ltd |
| Pasley International Limited |
| San Ling Investments Limited |
| Shanghai Anting Waratah Real Estate Development Co, Limited |
| Shanghai Chengli Properties Co Ltd |
| Shanghai International Company Limited |
| Shanghai Pdg Waratah Property Co., Ltd |
| Tianjin Macquarie Property Development Management Co Limited |
| Current directorships |
| Shanghai Huatian Property Development Co., Ltd |
| Shanghai Central Land Property Co., Ltd |
| Shanghai Vision Honest Real Estate Development Co., Ltd |
| Beijing Dream Land Industrial Development Co., Ltd |
| Beijing Treasury Industrial Development Co., Ltd |
| Qingdao Shangshi CREO Real Estate Co., Ltd |
| Qingdao CREO Logistics Park Co., Ltd |
| Nanjing CREO Investment Consulting Co., Ltd |
| Treasury (Shanghai) Real Estate Consulting Co., Ltd |
| Treasury Holdings (Shanghai) Property Management Co., Ltd |
| Treasury Holdings China Limited Qingdao Rep. Office |
| Treasury Holdings Real Estate (HK) Ltd |
| Treasury Holdings Limited |
| Jagard Pty Ltd |
There are no further details required to be disclosed in respect of Mr David's appointment pursuant to schedule 2(g) of the AIM rules.
ENDSContact: CREORay Horney, Chairman Tel: + 44 (0)1273 775225 Sarah Moriarty, Investor Relations Tel: +353 1 6189455 Matrix Corporate CapitalPaul Fincham Tel +44 (0) 203206 7000 DavyDes Carville Tel: +353 1 679 6363 Bankside ConsultantsSimon Rothschild, Oliver Winters Tel: + 44 (0)207 367 8888
Murray ConsultantsEd Micheau Tel: + 3531 498 0300
Creo Medical (CREO)