Tan Sri Abu Sahid Bin Mohamed has subscribed for 65 million Ordinary shares in Chapmans at a price of $0.005 per share, for a 5% equity interest in the Company.
Tan Sri Tuang Nguang Lau (also known as Tan Sri Francis Lau) has also subscribed for 65 million Ordinary shares in Chapmans at a price of $0.005 per share, for a 5% equity interest in the Company.
108,061 849 shares have been issued as part of the shortfall in Chapmans recently completed Rights Issue. In addition, 77,499,915 shares have been issued in a Placement at the same price, of $0.005 per share.
Tan Sri Abu Sahid Bin Mohamed is a Malaysian billionaire with a highly successful business track record extending over a period of 40 years. He is Group Executive Chairman of Maju Holdings Sdn Bhd (Maju Holdings), which has interests across a broad range of major conglomerated industry sectors in Malaysia. Maju Holdings was founded in 1977 and has grown to now have operations in construction, property, infrastructure, services and manufacturing.
Tan Sri Abu Sahid Bin Mohamed also holds a number of other chairmanships and board positions, including: Executive Chairman of Ipmuda Bhd, Chairman of Konsortium Lapangan Terjaya Sdn Bhd and Bright Focus Berhad, Director of Ipmuda Bhd, and Director of Perwaja Berhad, Maika Holdings Berhad, Maju Expressway Sdn Bhd and Perwaja Steel Sdn. Bhd, among other board positions.
Tan Sri Tuang Nguang Lau is senior Malaysian business figure with more than 30 years' experience in the agriculture and livestock industries, and is the head and executive director of Leong Hup Group of companies, the oldest and largest poultry group in Malaysia. The Lau family commenced operations in the poultry sector in 1982 and has since successfully expanded the business into Singapore, Indonesia, Thailand, Vietnam and the Philippines.
Tan Sri Tuang Nguang Lau is also a Non-Executive Director of Teo Seng Capital BHD, Director of Advantage Valuations Sdn. Bhd, PT Malindo Feedmill Tbk and a number of private companies. He is also a panel advisor for the Ministry of Agriculture and Agro based Industry group.
Together, the two new strategic investors provide a cornerstone investment for Chapmans that will help enable the Company to aggressively pursue its high conviction, high growth investment strategy.
Chapmans is delighted to welcome both Tan Sri Abu Sahid Bin Mohamed and Tan Sri Tuang Nguang Lau to the Company and its share register. The support of the Company's high growth investment philosophy by these two very high net worth investors is strong validation of the Chapmans business model, and the Company looks forward to working closely with them to maximise the value of their investments moving forward.
About Chapmans Limited
Chapmans Limited (ASX:CHP) is an ASX listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. It seeks to be an active strategic investor in high growth areas of the market, and to identify and work with emerging high growth companies.
The Company's investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.