Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/11/2013 | 12:04pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
06:13a METLIFE : & HKUST to Launch Second Annual Hong Kong Business Amazing Race
06:09a BURWILL : Monthly Return of Equity Issuer on Movements in Securities for the Month Ended (30/04/2016)
06:09a ASEAN ASSOCIATION OF SOUTH EAST ASIAN NATIONS : Joint Statement of the 19th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, 3 May 2016, Frankfurt, Germany
06:09aDJASIAN SHARES : Most Asian Stock Markets Fall Amid Renewed Weakness in Oil
06:07a U.S. oil industry bankruptcy wave nears size of telecom bust
06:06aDJASIA MARKETS : Asian Stocks Down On Oil Woes, Slow Growth
06:05a New models boost Volvo Cars as profitability soars in first quarter
06:04a 04-MAY-2016 : Acquisition of Indiabulls Properties Investment Trust, a SGX-ST listed business trust ("IPIT")
06:04a NOC NATIONAL OIL : The Chairman of the Board of Directors Meets with the Ambassador of India
06:04a FORD MOTOR : Shhhh! Ford Targets Quieter, Highly Refined Vehicles for Customers with Debut of World's First Mobile Aeroacoustic Wind Tunnel
Latest news
Advertisement
Hot News 
ROCKY MOUNTAIN DEALERSHIPS INC. (TSX : RME, OTCQX: RCKXF) announces director election results from the 2016 annual & special meeting of shareholders
Correction to Fitbit Jawbone Article on April 29
MINDBODY : reports first-quarter revenue up 44 percent
PFIZER : Maryland to receive more than $6 million from drug company settlement
GREEN DRAGON GAS : Annual Report on Website
Most Read News
05/03 Cascade Financial Services to be Acquired by an Affiliate of Centerbridge Partners, L.P.
05/03 CRAMER : Federal Regulators Have No Answer for Need for Devastating Mining Rule
05/03 Lateral Gold Announces Proposed RTO Transaction with CANHaul International
05/03 LEVI STRAUSS & CO. : Names Roy Bagattini President of Levi Strauss Americas
05/03 CREDIT CHINA : Announces Investment in BitFury, Joint venture to jointly promote Blockchain technology in China, Strengthen information security and Group's capability in Internet finance
Most recommended articles
05/03DJUBS Shares Drop As Profit Slumps
12:09aDJASIAN SHARES : Most Asian Stock Markets Fall Amid Renewed Weakness in Oil
12:07a U.S. oil industry bankruptcy wave nears size of telecom bust
12:05a New models boost Volvo Cars as profitability soars in first quarter
05/03DJMedtronic Recruits New Finance Chief From Comerica