Former NSW Premier touts interest in Optima

By Lilia Guan on May 19, 2009 3:14 PM
Filed under Finance

Investment company flags interest for Optima.

Optima's directors will hold an extraordinary general meeting, in late May, for shareholders to vote on an expression of interest from Bligh Street Capital Partners, of which former NSW Premier Hon Neville Wran is one of two directors. 

In a statement to the ASX, Optima founder, Cornel Ung, said its Company's administrators invited expressions of interest in the company as a shell in November, last year.

Bligh Street Capital Partners, an investment company, has offered to invest $50,000 in Optima in return for 50,000,000 ordinary shares in the company -- which would give it 32.85 percent interest in Optima.

The only shareholders of Bligh Street Capital Partners are tWran, a former premier of NSW and Albert Yue-Ling Wong, a former stockbroker, corporate advisor and investment banker. Neither have current shares within Optima.

The approval of the shares will be subject to shareholder's votes, to be held in an EGM on 29 May.

If shareholders pass the resolution it's anticipated the composition of the Board will change, with both Pipvide Tang (company secretary) and Ung retiring from the board, making way for Wran and Wong.

In a statement to the ASX, Bligh Street Partners said it intends to source an attractive business opportunity for the Company which may permit it to raise capital and obtain revocation of its suspension from listing on the ASX.

The current directors of the company, Tang, Ung and Scott Brown all recommend that shareholders vote for the resolution as they consider Bligh Street Capital Partners offers the "best opportunity" for the shareholders.

Optima ICM was engaged in computer manufacture, distribution and IT retail, up until 24 July 2008.

In August last year, its subsidiaries were placed into liquidation by the company's directors.

Following that time, the company has attempted to secure investors to recapatalise and identify another business direction.   

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