Source :http://www.emcominternational.com/Finanical_Release/E_03092010.pdf
CHANGE OF
COMPANY NAME
The Board is pleased to
announce that the name of the Company has been
changed from “Emcom
International Limited” to “Bingo Group Holdings
Limited” with effect from 6 August
2010 and the registration of the new name of the Company
in Hong Kong under Part XI of the Companies Ordinance (Chapter 32
of the Laws of Hong Kong) took effect from 31 August 2010.
CHANGE OF
COMPANY WEBSITE
A new website www.bingogroup.com.hk will be
officially launched on 8 September 2010 to reflect
the Change of Name.
3. The issued share capital of Emcom Limited is
beneficially owned as to 75% by Mr. Phang
Wah, 15% by
Mr. Yong Wai Hong and 10% by Mr. Lee Pin Yeow.
Mr. Yong Wai Hong was
the former Chairman, Chief Executive Officer and Executive Director
of the Company and resigned on 18 April
2009. Emcom Limited is a party acting in concert with
Modern China Holdings Limited under section 317(1)(a) of the SFO.
Therefore, Emcom Limited is deemed to be interested in
174,706,00 Shares. Emcom Limited is beneficially interested in
98,864,000 Shares or approximately 3.60% of the issued share
capital of the Company.
4. Jolly King Limited holds 75% interest in Emcom
Limited and is therefore entitled
to exercise or control the
exercise of one-third or more of the voting power of Emcom
Limited. The
entire issued share capital of Jolly King Limited
is held by
Mr. Phang Wah. By virtue of SFO, Jolly King Limited
and Mr. Phang Wah are
deemed to be interested in 174,706,000 Shares.
Extracted from http://www.bingogroup.com.hk/files/financial_releases/E_12082010%20v1.pdf
In short, James phang Wah is still a shareholder of the
Bingo Group Holdings Limited(
rename after Emcom
International Limited )
