Board of directors
Peng Hoong Leong, aged 43– Managing Director
Peng Hoong Leong has worked in the jewellery industry for
29 years. In 1987, he established a gold jewellery manufacturer,
Hong Seng. In 1991, he established three further companies
which traded in gold jewellery and he founded LSJ in 1993.
Since that date, he has had no other business interests outside
the LSJ Group. He is an executive director of LSJ and also
holds executive directorships in LSJ’s subsidiaries.
Within LSJ, he is responsible for leading the business strategy,
organisational development, new business expansion and long-term
growth of the LSJ Group. He is a prominent and widely respected
figure in the Malaysian gold industry having been instrumental
in founding one of the largest gold bullion reprocessors in
the country.
Mr. Leong Peng Hoong holding 71,139,447 Ordinary Shares,
representing 47.48 per cent., of the Enlarged Issued Share
Capital, has entered into a relationship deed dated 4 January
2004 with the Company whereby he has undertaken to exercise
his rights and powers as a Shareholder to ensure that the
Company is capable at all times of carrying on its business
and making operational decisions independently of Mr Leong.
The provisions of the relationship deed shall not, however,
prevent Mr Leong from properly carrying out his duties as
Chief Executive Officer of the Company or fetter his right
to vote as he so wishes at any duly convened meeting of Shareholders.
Chong Hua Ong, aged 39 – Executive Director
Chong Hua Ong started working for Lin Shoon Jewellers Sdn Bhd ('LSJ') in 1993. He has
over twenty years experience in the gold jewellery business and has been involved with LSJ
since its inception. He oversees the factory, where he leads a group of skilled craftsmen in the
smelting, moulding, polishing and finishing processes in various departments. He also
participates in developing the factory's manufacturing technologies and supervises production
planning and quality control.
Chong Hua Ong is also responsible for developing the Group's procurement of scrap
jewellery, mined gold and scrap gold through a procurement network with purchasing agents
throughout Malaysia.
Michael Henry Stainer, aged 48 – Chief Finance Officer
Michael graduated from the University of the West of England with BA (Hons) Economics in
1982.
From 1982 to 1990 he worked as an Accountant at Berkeley Jackson, Chartered Accountants
and from 1990 to 1992 Michael served as Group Accountant for Tor Group 2000.
In 1992, Michael was appointed as Treasury Accountant to Bristol Water plc and later held the
roles of Group Accountant and Group Treasurer at Bristol Water group. During his time at
Bristol Water group, Michael carried out Board duties and was responsible for fund raising, the
development of interest rate strategy, transfer pricing and accounts consolidation etc.
From 2002 Michael has been working as a Consultant.
Michael has raised £140M of finance, including tax structured facilities, has board and
committee experience (FTSE subsidiaries and overseas), and developed a pure RPI swap model
with HSBC (articled in "Derivatives Weekly" publication).
Directorships
Current Directorships
Dtex Limited
Pullzan Limited
PABW Sdn Bhd
Past Directorships
Water Partners ( UK ) Limited
Total Leasing Solutions Limited
None of the above are listed, quoted or traded
Other Disclosable Information
In line with information requiring disclosure under paragraph 2 (g) (v) of Schedule 2 of the AIM
Rules, Michael Stainer was a director of the following company which was dissolved in
the last five years.
Water Partners (UK) Limited was dissolved in 17 July 2007, without any loss to creditors.
Dennis Vernon Edmonds, aged 51 – Chairman
Dennis has a BA and an LLB from the University of the Witwatersrand,
Johannesburg, South Africa. He is a qualified attorney in
South Africa and a qualified solicitor in England and Wales
and also a qualified master practitioner in Neuro Linguistic
Programming and holds an MBA. He has experience in both corporate
law and corporate finance experience with an investment bank.
In 2004, he joined an AIM listed shell company to undertake
a reverse take-over of a gold mining company in Kyrgyzstan.
Since 2004, he has served as a non-executive director of Narrowstep
(a technology company listed in the US) and also as an executive
director of a small investment company listed on AIM. Dennis
has also acted as a consultant to Thomas Eggar Solicitors.
Lip Lin Tan, aged 38 – Non Executive Director
Lip graduated in Accountancy and Finance from the University
of Glasgow, Scotland. He began his career as a tax advisor
with Ernst & Young before moving to the stockbroking industry
to work as an investment analyst focusing on the natural resources
and minerals sectors. He is currently the Executive Director
of EASSET MANAGEMENT SDN BHD, a licensed fund manager incorporated
in Malaysia. He has held the position since 2000.
Dato Haji Sulaiman bin Abu Bakar, aged 55 – Non Executive Director
Dato Haji Sulaiman graduated from UiTM (Universiti Teknologi MARA) with a diploma in
Marketing in 1974. On qualification, he served approximately 5 years as Marketing Executive
with Guinness (M) Bhd. From 1980 till 1988.
Dato Haji Sulaiman held a management role at Matsushita Sales & Service Sdn. Bhd. In 1988
he was appointed General Manager of Telekom Berhad where he spent 11 years.
Dato Haji Sulaiman was Chief Executive of Konsortium Abass Sdn. Bhd. from 1999 till 2006
and in 2006 he joined Premier Ayer Sdn. Bhd. as Commercial Director.
Directorships
Current Directorships
A Sulaiman Holdings Sdn Bhd
A Sulaiman Properties Sdn Bhd
Hartanah Aspirasi Holdings Sdn Bhd
Hartanah Aspirasi (M) Sdn Bhd
Hartanah Aspirasi Resources Sdn Bhd
Jaguh Eksklusif Sdn Bhd
Konsortium Abass Holdings Sdn Bhd
Metropolitan Commerce Sdn Bhd
PABW Sdn Bhd
Cahaya Ventures Sdn Bhd
Faswinar Enterprises Sdn Bhd
FYEO Design Sdn Bhd
Premier Ayer Sdn Bhd
Premier Ayer (Utara) Sdn Bhd
Titan Model Sdn Bhd
Upper Executive (M) Sdn Bhd
Zufar Corporation Sdn Bhd
Zufar Water Services Sdn Bhd
Past Directorships
Konsortium Abass Sdn Bhd
Primayer Limited
None of the above are listed, quoted or traded
Last updated:
20 January, 2009
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