Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Sun Art Retail Group Limited : Announcements and Notices - Announcement of Change of Information of Director

02/05/2013 | 09:38am 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.

SUN ART RETAIL GROUP LIMITED

(incorporated in Hong Kong with limited liability)

(Stock code: 06808) ANNOUNCEMENT OF CHANGE OF INFORMATION OF DIRECTOR

This announcement is made pursuant to Rule 13.51B(2) of the Rules Governing the Listing of
Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited.
Sun Art Retail Group Limited (the "Company") received a notification from Mr. Desmond Murray ("Mr. Murray"), an independent non-executive director of the Company, on 4 February 2013 that B&Q Ireland Ltd. ("BQI"), a private company of which he was an independent non-executive director until his resignation on 23 October 2012, entered into examinership pursuant to an order (the "Order") of the High Court of Ireland (the "Irish Court") granted on 31 January 2013.
Pursuant to the Order, the Irish Court ordered that Declan McDonald of PwC be appointed as interim examiner of BQI. As far as Mr. Murray is aware, examinership is a process under the laws of the Republic of Ireland whereby the protection of the Irish Court is obtained to assist an insolvent company to prepare a scheme of arrangement with its creditors.
As an independent non-executive director of BQI, Mr. Murray did not participate in the day to day business of BQI and was not a director of BQI at the time when the Order was granted. Accordingly, Mr. Murray confirms that he is not aware of any specific plan or scheme of arrangement to be carried out by BQI pursuant to the Order and is not in a position to indicate the outcome of examinership. The board of directors of the Company has no further information on the Order other than those set out above which is based on information provided by Mr. Murray. Save as disclosed above, there are no other matters relating to the entering into of examinership by BQI that need to be brought to the attention of the shareholders of the Company.
1
BQI is a company incorporated in the Republic of Ireland and is principally engaged in sale of do-it-yourself products.
The entering into of examinorship by BQI falls under an event described in Rule 13.51(2)(l) of the Listing Rules. Therefore, pursuant to Rule 13.51B(2) of the Listing Rules, the Company is required to make an announcement in relation thereto.
By order of the Board

Sun Art Retail Group Limited Bruno Robert MERCIER Chief Executive Officer and Executive Director

Shanghai, 5 February 2013
As at the date of this announcement, the Directors are:

Executive Directors:

Bruno Robert MERCIER HUANG Ming-Tuan

Non-Executive Directors:

CHENG Chuan-Tai
Benoit, Claude, Francois, Marie, Joseph LECLERCQ Philippe David BAROUKH
Xavier Marie Alain DELOM DE MEZERAC

Independent Non-Executive Directors:

Karen Yifen CHANG Desmond MURRAY HE Yi
2

distributed by
React to this article
Latest news
Date Title
12:22p OMAXE : CEO (Budget deprived of measure to boost real estate sector)
12:21p MANCHESTER UNITED : It's a double for Rooney in Manchester United's win
12:17p PAN AFRICAN RESOURCES : President Mahama to address 8th Pan African Congress
12:15p INSULET : Reports Fourth Quarter and Full Year 2014 Financial Results
12:10p OLAM : Livelihood Charter Reaches Milestone: One Million Tonnes of Products Sourced Through Flagship Sustainability Initiatives
12:08p MONSANTO : bares 4 new Bt corn seed varieties
12:07p BARNES & NOBLE : Legislature to consider exterior makeover for NCCC culinary institute
12:06p UK blocks Russian oligarchs' deal to buy North Sea fields
12:05p KARIN TECHNOLOGY : A mishmash of family fun and news
12:05p HAWAIIAN ELECTRIC : HECO drops solar freeze
Latest news
Advertisement
Hot News 
ALPHATEC : posts 4Q loss
GIGA TRONICS : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (form 8-K)
TCPI : is Evaluating Claims Filed on February 26th, 2015
OPTOS : Shares Surge Higher On Recommended Takeover Bid From Nikon
Weight Watchers Loses Money, Members -- 2nd Update
Most Read News
01:50a TABLEAU SOFTWARE : Sees Exponential Global Growth, Tipping Point Year in EMEA
02/27 TRUE PCL : set to double broadband network
02/27 NORFOLK SOUTHERN : Bakken oil transport details might not be in York County responders' hands
02:15a BARCLAYS : A Solar Battery Knockout?
11:29a Spain's Bankia 2014 results hit by compensation provisions
Most recommended articles
12:06p UK blocks Russian oligarchs' deal to buy North Sea fields
11:54a Buffett says 'sprawl' is good, but may not be good enough
11:50aDJChina's Central Bank Cuts Interest Rates -- Update
11:29a Spain's Bankia 2014 results hit by compensation provisions
10:33a HERBALIFE : cuts pay of CEO Johnson 36 percent after missed targets
Dynamic quotes  
ON
| OFF