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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tembusu | LSE:TIL | London | Ordinary Share | BMG875261023 | ORD 1P (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.375 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMTIL
RNS Number : 9100R
Tembusu Investments Limited
11 November 2011
11 November 2011
Tembusu Investments Limited
("Tembusu" or the "Company")
Incorporation of New Subsidiary
The Board has recently been looking at the opportunities offered by the high economic growth in Mongolia.
It has been reported that Mongolia has been experiencing high economic growth recently. It appears that Mongolia is expected to continue to have high economic growth powered primarily by its natural resources sector. The Board feels that it is possible to enhance shareholder value by acquiring or building suitable high growth businesses in Mongolia in line with the existing investment strategy of the Company.
The Company has recently incorporated Nova Mongolia Corp Pte Ltd, a Singapore incorporated company ("Nova Mongolia"). Nova Mongolia will have an initial paid up capital of S$1,000 (Singapore Dollars One Thousand); Chan Fook Meng, Chairman and CEO of Tembusu, is presently the sole director of Nova Mongolia. It is intended that Nova Mongolia be the vehicle to look for, and capitalise on, opportunities offered by the high economic growth in Mongolia.
Nova Mongolia expects to appoint more directors as well as management and will make such announcements, as and when, appropriate. There could be more shareholders. If opportunities present themselves, Nova Mongolia may raise funds to take advantage of such opportunities.
The management feels that it is appropriate to change the name of the Company to "Nova Resources Limited" to reflect its change of investment strategy and direction. A general meeting will be convened for the shareholders to consider the change of name and a further announcement will be made at the appropriate time.
For enquiries: Tembusu Investments Limited Tel: +65 9630 7808 Chan Fook Meng, Chairman and Chief Executive Officer Allenby Capital Limited (Nominated Tel: +44 (0)20 3328 5656 Adviser and Broker) Brian Stockbridge Dan Robinson James Reeve
This information is provided by RNS
The company news service from the London Stock Exchange
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