Dr. Kooi Ong Tong

November 12, 2013 18:53 ET

Press Release

BURNABY, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2013) - Dr. Kooi Ong Tong, of Level 3, Suite 3A, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya Selangor, Malaysia, announced today that through a series of estate planning transactions he has become the ultimate beneficial owner of the 6,238,400 common shares of Taiga Building Products Ltd. ("Taiga") currently held by Genghis S.à r.l. ("Genghis"), a Luxembourg corporation, representing approximately 19.25% of the issued and outstanding common shares of Taiga. Dr. Tong is a Director and Chairman of the Board of Directors of Taiga. Genghis is wholly owned by 3Cs Investments Limited, a Cayman Islands Corporation. Genghis and 3Cs Investments Limited were previously controlled by a trust whose beneficiaries included members of the Tong family. Genghis and 3Cs Investments Limited are now controlled by a trust whose sole beneficiary is Dr. Tong. As a result of these transactions, Dr. Tong now owns, directly or indirectly, or exercises control or direction, over 6,238,400 common shares of Taiga, representing approximately 19.25% of the total number of issued and outstanding common shares of Taiga. Beneficial ownership of the securities was acquired as part of a series of private estate planning transactions involving Dr. Tong and the Tong family. Dr. Tong has no current intention of acquiring any further securities of Taiga.

A copy of the report filed by Dr. Tong in connection with the acquisition, as required under applicable securities legislation, may be obtained by contacting Mark Schneidereit-Hsu, Vice President, Finance and Administration and CFO at Taiga's offices at (604) 438-1471.

Contact Information

  • Mark Schneidereit-Hsu
    Vice President, Finance and Administration and CFO
    at Taiga's offices
    (604) 438-1471