CONY CAPI 4 July 2014
New Trend Lifestyle Group plc
("NTLG" or "The Company")
Director's Share Pledge Update
New Trend Lifestyle Group plc (AIM: NTLG) announces an amendment to the loan agreement announced on 27 November 2013 between Master Phang, a director and controlling shareholder, and Hao Tin Development Group Limited. The effect of the amendment is to extend the repayment date for the HK$6 million (approximately £477,000) loan from 31 May 2014 to 30 August 2014. As previously announced Master Phang pledged 54,721,333 shares of NTLG as security for the loan.
The company will make a further announcement on 30 August 2014.
For further information please contact:
New Trend Lifestyle PLC +65 6533 5082
Robert Goddard, Chairman
Ajay Rajpal, Director & Interim CFO
Zeus Capital (NOMAD and broker)
Corporate Finance: Ross Andrews, Andrew Jones 0161 831 1512
About New Trend Lifestyle
The Company was established in 2005 by Master Hillary Phang. NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations. These have recently been complemented by Tarot Cards readings and an on-line dating service using Feng Shui principles.
NTL is one of the leading branded Feng Shui consultancies in Asia, selling its services to a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers, which leads to the provision of a number of products and services.
Feng Shui is endemic in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a profitable business with a strong brand and deep-seated cultural drivers.
This information is provided by RNS
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