Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

NWS Holdings Limited : Announcement: Change of Information of a Director

11/11/2013 | 06:04am US/Eastern

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or

in reliance upon the whole or any part of the contents of this announcement.

CHANGE OF INFORMATION OF A DIRECTOR

This announcement is made by NWS Holdings Limited (the "Company") pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Reference is made to the announcement of the Company dated 31 August 2012 (the "Announcement"). Unless otherwise defined, capitalized terms shall have the same meanings as those defined in the Announcement.
The Board has been informed by Mr. Shek, an independent non-executive director of the Company, that on 18 October 2013 (Bermuda time), the Bermuda Court ordered the appointment of Mr. Garth Calow and Ms. Allison Tomb, both of PricewaterhouseCoopers, as the joint provisional liquidators of Titan, of which Mr. Shek has been an independent non-executive director since 27 February 2006. Other particulars of the appointment, including powers of the joint provisional liquidators, were disclosed in the announcement of Titan dated 22 October 2013.
Mr. Shek has confirmed his understanding to the Company that the appointment of the joint provisional liquidators is in relation to an application made by KTL Camden Inc. ("Camden") to the Bermuda Court on 6 August 2013 (Bermuda time) in connection with its claim that Titan Storage Limited, a subsidiary of Titan, failed to pay certain hiring charges to Camden pursuant to a bareboat charter party contract and that Titan is liable to Camden for such hiring charges plus interest thereon in the sum of approximately US$6,853,032 (up to 16 April 2013) pursuant to a deed of guarantee issued by Titan in favour of Camden. The Board has no information on the abovementioned matter other than the information set out in the Announcement and other relevant announcements and
circulars published by Titan.
1
The Company will make further announcement(s) as and when appropriate in accordance with the
Listing Rules.
By Order of the Board

Dr. Cheng Kar Shun, Henry

Chairman

Hong Kong, 11 November 2013

As at the date of this announcement, (a) the executive directors of the Company are Dr. Cheng Kar Shun, Henry, Mr. Tsang Yam Pui, Mr. Lam Wai Hon, Patrick, Mr. Cheung Chin Cheung, Mr. William Junior Guilherme Doo and Mr. Cheng Chi Ming, Brian; (b) the non-executive directors of the Company are Mr. To Hin Tsun, Gerald and Mr. Dominic Lai; and (c) the independent non-executive directors of the Company are Mr. Kwong Che Keung, Gordon, Dr. Cheng Wai Chee, Christopher, The Honourable Shek Lai Him, Abraham, Mr. Wilfried Ernst Kaffenberger (alternate director to Mr. Wilfried Ernst Kaffenberger: Mr. Yeung Kun Wah, David) and Mr. Lee Yiu Kwong, Alan.

* For identification purposes only

2

distributed by
Latest news
Date Title
<1m ago EKSO BIONICS : Regulation FD Disclosure (form 8-K)
<1m agoDJYields On Rise Again as U.S. Government Bonds Retreat
<1m ago Big bang, not big bucks, the key for euro zone bank lending
<1m ago CHIQUITA BRANDS : Cutrale-Safra : Submits Updated Definitive Offer To Chiquita Board Of $14.50 Per Share In Cash
<1m ago DEKRA Certifies Hilton Worldwide to ISO 50001 Energy Management Systems Standard
<1m agoDJSAAB : Eyes Small Rise in Swedish Defense Spending
<1m ago The Jam – Setting Sons Deluxe Edition
<1m ago Iconic Footwear Brand L.A. Gear Announces Brand Relaunch with the Premiere of the “L.A. Gear Originals” Collection in Stores for Spring 2015
<1m agoUNITED STATES : Flash Manufacturing PMI worse than estimates at 56.2
1m ago MORNINGSTAR : to Provide Equity Research and Ratings to Charles Schwab
Latest news
Advertisement
Hot News 
OIM : 16 october 2014 - PAYMENT OF DIVIDENDS SUSPENDED
SDL : Ninety Percent of Holiday Shoppers Expect Consistent Brand Experiences Across Channels and Devices According to SDL Survey
FOXTONS : Downgrades Full-Year Earnings Guidance On Poor Third Quarter
WILLBROS : Harwood Feffer LLP : Announces Investigation of Willbros Group, Inc.
NEWCASTLE INVESTMENT : Announces Details for Completion of New Senior Spin-Off and Investor Call on October 17, 2014 at 8:30 AM ET
Most Read News
1d ago ATMEL : Patent Issued for Apparatus and Method for Increasing the Quantity of Discrete Electronic Components in an Integrated Circuit Package
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago TERADYNE : beats Street 3Q forecasts
37m ago Tesco accounting black hole deepens, chairman to step down
2h ago Unilever promises more cheap goods, cost cuts to tackle slowdown
Most recommended articles
<1m agoUNITED STATES : Flash Manufacturing PMI worse than estimates at 56.2
1m agoDJEU Commission asks Italy for Additional Information on 2015 Budget--Update
4m ago TSX opens firmly higher as energy stocks rebound
9m agoDJCURRENCIES : Euro Recovers Against The Dollar On Strong Manufacturing Data
9m ago GM posts higher-than-expected profit on strong North American demand
Dynamic quotes  
ON
| OFF