Euro Asia Premier Real Estate Company Limited
Patrick Chan Appointed Chief Executive Officer of Euro Asia
Euro Asia Premier Real Estate Company Ltd. / Key word(s): Change of Personnel Patrick Chan Appointed Chief Executive Officer of Euro Asia Chan Dingxiang Nominated as New CFO Weifang, People's Republic of China, 13 June, 2012 Euro Asia Premier Real Estate Company Ltd, today announced it has appointed Mr. Patrick Chan, formerly the Vice Chairman of the Company, as its CEO. Mr. Xiyi Sun will remain Chairman of the Company. Furthermore, Mr. Chan will act as Managing Director for Euro Asia's operating subsidiary XinPu, as well as the Company's other Chinese subsidiaries. Mr. Sun commented, 'The move to appoint Patrick as our CEO has been made for a number of reasons. Firstly, in order to improve our corporate governance, we saw the need to create a wider distance between the executive boards of Euro Asia and SNI. Furthermore, ownership of XinPu has been transferred to Euro Asia, making this company much more independent from SNI. The move also allows facilitate Euro Asia's ambition to make use of existing market opportunities in other third tier cities and emerging regions of China. Finally, Mr. Chan is the perfect ambassador towards the international investment community and in his new role our communication with the market should become even more direct that it already was.' Separately of the above changes, the Company informed that Mr. Alan Zhu Ming Hao was replaced as CFO of Euro Asia by Mr Chan Dingxiang. Prior to joining Euro Asia, Mr. Chan Dingxiang (55), an alumni of the He Bei University in China, was Senior Consultant at DEFONE Fund Management Co. Ltd. Mr. Chan Dingxiang has had a long career in infrastructure related financial management in senior roles at the Jiangsu oilfield China Ministry of Oil, as well as the investment department of the Yangzhou branch of the Chinese Construction Bank, where he also was responsible for overseeing new project development.' Mr. Chan stated, 'We are very pleased that with Mr. Chan Dingxiang, we have managed to appoint a new CFO, who has a wealth of experience in infrastructure development and government relations, and brings a wealth of experience to the role of CFO of a fast growing public company.' Contact:
Schwarz Financial Communication About Euro Asia Euro Asia is a BVI registered company, active in demand driven development of real estate projects in the Shandong area of the People's Republic of China. The Company operates locally through its subsidiaries, jointly owned with SNI, a leading local development company. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the Shandong Province prior to moving into other regions. For more information, please visit www.eu-asia.net End of Corporate News 13.06.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
173792 13.06.2012 |