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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.” |
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