Brockman Resources Limited – Panel Makes Interim Orders [13/01/2011] The Takeovers Panel

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TP11/06
Thursday, 13 January 2011

Brockman Resources Limited — Panel Makes Interim Orders

The Acting President of the Panel has made interim orders1 in response to an application dated 10 January 2011 by Brockman Resources Limited in relation to its affairs.

The interim orders provide that Leading Pride Limited, Star Ray International Limited, Yencon Enterprises Limited, Platinum Investment Holding Pte Ltd, Stockholm (SWD) Limited, Tradewin International Limited, Ironwood Group Limited, Cho Hong Cheen, Chen Bernadette Pauline, Mo Yang, Wu Wei, Liang Wenchong and Ng Kok Kuang must not:

  1. acquire any further shares or interests in shares or increase their voting power in Brockman
  2. dispose of, transfer or grant a security interest over any shares or interests in shares in Brockman or
  3. exercise any voting rights attaching to shares in Brockman.

The interim orders have effect until the earliest of further order of the Panel, determination of the proceedings or 2 months from the date of the interim orders.

A copy of the interim orders is attached.

Alan Shaw
Counsel, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne, VIC 3000
Ph: +61 3 9655 3500
alan.shaw@takeovers.gov.au


Annexure

Corporations Act
Section 657E
Interim Orders

Brockman Resources Limited

Brockman Resources Limited (Brockman) made an application to the Panel dated 10 January 2011 in relation to its affairs.

The Acting President ORDERS:

  1. The shareholders in Brockman set out in Schedule A not:
    1. acquire any further shares or interests in shares or increase their voting power in Brockman
    2. dispose of, transfer or grant a security interest over any shares or interests in shares in Brockman or
    3. exercise any voting rights attaching to shares in Brockman.
  2. These interim orders have effect until the earliest of:
    1. further order of the Panel
    2. the determination of the proceedings and
    3. 2 months from the date of these interim orders.

Schedule A

Leading Pride Limited

Star Ray International Limited

Yencon Enterprises Limited

Platinum Investment Holding Pte Ltd

Stockholm (SWD) Limited

Tradewin International Limited

Ironwood Group Limited

Cho Hong Cheen

Chen Bernadette Pauline

Mo Yang

Wu Wei

Liang Wenchong

Ng Kok Kuang


Alan Shaw
Counsel
with authority of Graham Bradley
Acting President of the Panel
Dated 13 January 2011


1 BACKGROUND: An interim order is designed to maintain the status quo until the Panel can consider the application in detail. It may be made by the President or a sitting Panel. Often a sitting Panel has not been appointed at the stage of considering the making of an interim order. An interim order does not indicate that the Panel has decided to conduct proceedings or necessarily indicate the merits of an application for a declaration of unacceptable circumstances.