PRIME GLOBAL CAPITAL GROUP INCORPORATED (NYSE:C) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 13, 2017, Poh Chai Ham resigned from his position as
the Director of Prime Global Capital Group Incorporated, a Nevada
corporation (the Company). His resignation was not due to any
dispute or disagreement with the Company on any matter relating
to the Company’s operations, policies or practices.
On February 13, 2017, Jeremy Chia Pei Chai was appointed to serve
as the Director of the Company until his successor(s) shall be
duly elected or appointed, unless he resigns, is removed from
office or is otherwise disqualified from serving as a director of
the Company. Mr. Chia will serve on our Board of Directors in
accordance with the terms and conditions of our standard Director
Retainer Agreement, a form of which is attached hereto and
incorporated herein as Exhibit 10.1.
Dato Jeremy Chia Pei Chai, age 30, is
the Director of Marathon Capital Management Limited, HK, an
international investment fund focusing on early and development
stage private companies spanning the entertainment, security,
real estate and investment industries. His fund has made
investments in Hong Kong, Macau, China, Philippines and
Singapore. Dato Jeremy has also started to build his business as
a founder of flea market in 2012 at The Mines, Seri Kembangan,
Selangor. Prior to founding the fund, from 2009 to 2011 Dato
Jeremy was a branch manager at Melilea, a prioneering global
green corporation that has won numerous industry and global
awards for its innovative management as a health and wellness
multinational corporation. From 2008 to 2009, Dato Jeremy served
as a client advisor for United Overseas Bank.
Dato Jeremy was a major shareholder in XYECHOLDINGSCO., LTD, a
Japan limited company, that was listed on the Catalist market on
the Singapore Exchange on September 18, 2013. XYEC was taken
private by its controlling shareholder Mamezou Holdings Co. Ltd
(TYO:3756) in the second quarter of 2016.
In appreciation of his contributions to the state of Pahang, Dato
Jeremy was conferred the honourable title of Darjah Indera
Mahkota Pahang on 29th April 2014. In addition to his
business, Dato Jeremy has devoted himself to philanthropy. On
September of 2016, Dato Jeremy received a Corporate and Social
Responsibilty award from Asia Pacific CSR in recognition of his
contributions to society.
Dato Jeremy received his bachelors degree in finance and
investment from TAR College in Malaysia in 2007. We believe that
Dato Jeremy will bring to the Board of Directors his experience
in international business operations as well as banking and
finance expertise.
Dato Jeremy will receive a monthly compensation of 3,000
Malaysian Ringgit, or approximately US $752, in connection with
his service on our Board of Directors. Dato Jeremy will serve as
an independent director on each of our audit, compensation and
nomination and corporate governance committees.
Dato Jeremy does not have a direct family relationship with any
of the Companys directors or executive officers, or any person
nominated or chosen by the Company to become a director or
executive officer.
Item 9.01. Financial Statements and Exhibits.
(d). Exhibits.
| Number | Exhibit | |
| 10.1 | Form of Director Retainer Agreement |
About PRIME GLOBAL CAPITAL GROUP INCORPORATED (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Citicorp and Citi Holdings. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. Global Consumer Banking (GCB) consists of Citi’s geographical consumer banking businesses that provide traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. PRIME GLOBAL CAPITAL GROUP INCORPORATED (NYSE:C) Recent Trading Information
PRIME GLOBAL CAPITAL GROUP INCORPORATED (NYSE:C) closed its last trading session down -0.53 at 59.97 with 22,423,933 shares trading hands.
