China Private Equity Inv Hldgs Ld Patimas Update (0038U)

TIDMCPEH

RNS Number : 0038U

China Private Equity Inv Hldgs Ld

26 November 2013

26 November 2013

China Private Equity Investment Holdings Limited

("CPE" or the "Company")

Patimas Computer Berhad update

China Private Equity Investments Holdings Limited notes the announcement today from Bursa Malaysia regarding the suspension of trading of Patimas Computer Berhad ("Patimas") with effect from 27 November 2013. The suspension in trading will be effective for five trading days pending a decision by Bursa Malaysia whether or not to delist the company. On 22 November 2013, Patimas lodged an appeal against a delisting on the basis of it needing further time to implement a reorganisation. The closing price of Patimas shares was MYR0.01.

CPE acquired 43 million shares in Patimas, representing 5.2 per cent. of the issued share capital in Patimas at a price of MYR0.11 on 29 January 2013. The value of the investment set out in CPE's unaudited interim results as at 30 June 2013 was US$612,338, representing 2.3 per cent. of the Company's published interim net asset value.

On 17 October 2013, Steve Tan was appointed to the board of Patimas to represent CPE's interests, with a view to agreeing and implementing a reorganisation plan for Patimas.

For further information, please visit www.cpe-invest.com or contact:

 
 Maria Leung 
  China Private Equity Investment Holdings 
  Ltd:                                          [phone] 
 Nominated Adviser & Broker: 
 Azhic Basirov / Siobhan Sergeant, 
  Smith & Williamson Corporate Finance 
  Ltd:                                          [phone] 
 Public Relations Advisers: 
 Allan Piper 
  First City Public Relations (Hong Kong):      [phone] 
 Simon Hudson 
  Tavistock Communications (London):            [phone] 
 www.cpe-invest.com                           Ticker symbol: 
                                               London - CPEH 
                                               Frankfurt - AA1JBE5 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFEWFMMFDSELF