AGRO CAPITAL MANAGEMENT CORP. (OTCMKTS:ACMB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(b) On October 9, 2017, Agro Capital Management Corp. (the “Company”) received a written letter of resignation from Michael Xavier Dorairaj stating that he resigned, effective immediately from his position on the Board of Directors (the “Board”) of the Company. Mr. Dorairaj resigned to pursue other business opportunities and not as a result of any dispute or disagreement with us.
(d) On October 9, 2017, the Board of Directors of the Company appointed Cheung Wing Chow to the Board in order to fill the vacancy created by the resignation of Mr. Dorairaj.
Mr. Chow, age 41, has more than 16 years of experience in financial services with Nanyang Commercial Bank, Cash Financial Services Group, Bank of Communications Limited, CITIC Bank International (formerly known as CITIC Ka Wah Bank), Fubon Bank (Hong Kong) Limited, HSBC Hong Kong and Consumer Council Hong Kong. During this period, he has served as a consultant in financial planning and a manager in sales and marketing in the industry. He was twice awarded the Premier Association of Financial Professionals by the Million Dollar Round Table in 2009 and 2010 respectively. He currently serves as a responsible officer for an asset management company in Hong Kong. He holds a Bachelor of Arts and Degree in Economics from the University of Toronto in 1998 and subsequently obtained his Securities and Futures Commission of Hong Kong licenses in 2004.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, the Company’s expectations regarding future financial performance and liquidity, its long-term strategy, restructuring and other initiatives, and future operations or operating results. These statements often can be identified by the use of terms such as "may," “should," “could,” will," "expect," "believe," “planned, "anticipate," "estimate," “project,” “intend,” “forecast,” "approximate" or "continue," or similar expressions. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, the Company cannot assure that actual results will not differ materially from its expectations. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.
About AGRO CAPITAL MANAGEMENT CORP. (OTCMKTS:ACMB)
Agro Capital Management Corp., formerly Guate Tourism Inc., is a shell company. The business of the Company is to manage, expand, develop and own Agro Capital Management Berhad (Agro Malay). Agro Malay is the subsidiary of the Company. Agro Malay is principally engaged in aquaculture development in Malaysia. Agro Malay is in the business of trading, exporting and production of aquaculture related products. The Company anticipates to commercially farm marine shrimp for export and distribution to local retailers. The Company intends to expand Agro Malay into a fully-integrated aquaculture company in the future by developing its research and development, hatcheries, aquaculture feeds, grow-out operations, processing plant operations, seafood sales and marketing. The Company operated an online tourist guide company in Guatemala. The Company has no revenues generated.