Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce the appointment of Mr Feng (Bruce) Sheng as a Non-Executive Director to the Board effective from 10 July 2019. Mr Sheng is the Chairman of Melbourne based Asipac Group Pty Ltd, a diversified company with investments across the resources and financial sectors, and various property businesses. Mr Sheng also currently serves as Vice Chairman of the Australia China Business Council (Victoria) and the Executive Chairman of ASX listed Terramin Australia Ltd, a company developing a portfolio of zinc and gold projects in Australia and Algeria.
Tony Manini, Executive Chairman commented:
"On behalf of the Company we welcome Bruce to the Asiamet Board. Bruce has been a long-term supportive shareholder and we look forward to the opportunity to work more closely with him as we move into the project financing and development stage for the BKM project and continue advancing our other high potential projects on the KSK CoW and at Beutong. Bruce has spent the past 25 years working at the interface between China-Australia business and brings extensive experience and networks across China and greater Asia to the Asiamet board. This is particularly relevant given China's One Belt-One Road policy and the large amount of Chinese inbound investment into Indonesia associated with it. Enhancing the Company's level of connectivity with China is expected to add significant value as we continue the development of our portfolio of high-quality copper, gold and polymetallic projects. Different skills and experience will be required to take the Company forward and as such further evolution and strengthening of the board and management team is considered an important requisite for continued growth. Our ability to attract new directors of the calibre of Bruce, and Dominic before him, are testament to the progress we have made and the quality of the growth opportunity that Asiamet presents for investors. We look forward to continuing to deliver on our plans for the benefit of all stakeholders."
The Company provides the following additional disclosure as at 10 July 2019 relating to the appointment of Mr Feng (Bruce) Sheng as director of Asiamet, effective 10 July 2019:
Mr Feng (Bruce) Sheng, aged 56, currently holds or has held the following directorships and partnerships over the last five years:
Current directorships and partnerships
Past directorships and partnerships
Asipac Group Pty Ltd
Sinotrans Investments Pty Ltd
Asipac Capital Pty Ltd
Sinotrans Holdings Pty Ltd
Asia Pacific Hotels Pty Ltd
Retakaful Collective Pty Ltd
Asipac Holdings Pty Ltd
1st Fund Capital Pty Ltd
Terbru Pty Ltd
Kinjusca Pty Ltd
Asipac FS Investments Pty Ltd
Asipac Corporation Pty Ltd
Asipac Dairy Pty Ltd
BMY Group Pty Ltd
Partyworld International Pty Ltd
AHA Pacific Pty Ltd
Wanshe Holdings Pty Ltd
Terramin Australia Limited
Western Mediterranean Zinc SpA
Mr.Sheng,through the holdings of Asipac Group,has an 8.55% interest in the securities of Asiamet at the date of this announcement.
Except as disclosed in this announcement, neither the Company nor Mr. Sheng are aware of any further disclosures that are required in respect of the appointment of Mr. Sheng under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Create your account: sign up and get ahead on news and events
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
Steve Hughes, VP of exploration for Asiamet Resources Ltd (LON:ARS), discusses with Proactive's Andrew Scott the maiden mineral resource estimate for the BKZ polymetallic deposit in Kalimantan, Indonesia.
The initial Mineral Resource Estimate is subdivided into the BKZ upper polymetallic...