From the Fintronics Announcement dated 27/12/2007: http://main.ednews.hk/listedco/listconews/sehk/20071227/LTN20071227362.pdf
The Company noted from an announcement dated 21 December 2007 and issued by Customers Limited on Australian Stock Exchange Limited that Customers Asia Limited (“CAL”) has entered into an agreement to acquire Tianjin ATM Company at a total consideration of HK$150 million (“CAL Acquisition”). Customers Limited is the holding company of CAL which is a substantial shareholder of the Company currently holding approximately 11 .4% of the issued share capital of the Company,
The Board wishes to state that it was not involved in negotiation and conclusion of the CAL Acquisition and is investigating into whether any misconduct against the Company in connection with the CAL Acquisition had taken place.
The Board also wishes to announce that it has requested Mr. Robert Kenneth Gaunt and Mr. Robertus Martinus Andreas Broers, who are directors or otherwise connected with CAL or its parent company, Customer Limited, to resign their directorship with the Company on the ground that Tianjin ATM Company is a competitor of the Company’s ATM business in the PRC.
CUS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
