TP11/006
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:
- acquire any further shares or interests in shares or increase their voting power in Brockman
- dispose of, transfer or grant a security interest over any shares or interests in shares in Brockman or
- 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:
- The shareholders in Brockman set out in Schedule A not:
- acquire any further shares or interests in shares or increase their voting power in Brockman
- dispose of, transfer or grant a security interest over any shares or interests in shares in Brockman or
- exercise any voting rights attaching to shares in Brockman.
- These interim orders have effect until the earliest of:
- further order of the Panel
- the determination of the proceedings and
- 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.