TFC APPOINTS DIRECTOR
Kimmy Chu one of the original staff members of the first “TFC Company”, Trade Finance Corporation Ltd, who has recently returned from a year long sabbatical, has been appointed as Director of both Trade Finance Corporation Ltd and TFC Capital Ltd. Kimmy is a Malaysian National. She graduated from City University in Hong Kong with a Bachelor of Information Systems and completed a Master of Finance and Management at University of Exeter in United Kingdom.
Kimmy is currently responsible for managing both debt and equity deals brought in via the global network of TFC Financial Group, primarily from Philippines but also Turkey and Poland origination. She has responsibility for TFC business outside of China but also has the relevant experience in the China market to bring Chinese groups into deals outside of China.
Kimmy also maintains the TFC relationships with institutional investors and lenders in Hong Kong and Singapore.
TFC TO SET UP A LOCAL OPERATION IN PHILIPPINES
Following the set up of TFC Capital Cambodia Co. Pte. Limited in Phnom Penh earlier this year, TFC Group has now received preliminary approval to set up TFC Capital Philippines Inc in Philippines. The Company to be based in Makati City, Manila will act as a conduit for introducing the Group’s global business partners to Philippines.
More details will be given when the establishment of the office has been completed in full.
TFCB SPONSORS “6TH PHILIPPINES NON-LIFE INSURANCE SUMMIT” IN MANILA
TFC Brokerage will be sponsoring the 6th Philippines Non-Life Insurance Summit in Manila. 2009 is the second year of showing support and view this opportunity as part of our ongoing business initiatives in Philippines. The Summit will take place on 29th April 2009.
For full details, together with the agenda, please see http://www.tfcbrokerage.com/news/articles.htm. We would encourage both insurers and other business partners to attend this gathering of leaders within the insurance community in the Philippines.
TFCB is encouraged that many transactions are finding coverage in the insurance market, including those from TFC Group enterprises in both Turkey and the Philippines. We continue to work with professional underwriters for solutions to credit and trading challenges.
TFC CAPITAL CAMBODIA – SUCCESS IN SIGHT!
During the past few months, TFC has been earnestly pursuing Oil & Gas opportunities in Cambodia, to which we have privileged access to Government officials and exclusive rights for the marketing of several onshore & offshore oil blocks. Progress was slow at first, but with the signs of a recovery in oil prices and more optimism for future investment, TFC is now close to successfully concluding a deal with a Malaysian based party for one onshore block. Discussions are also actively progressing on two other blocks, with significant proven oil and gas reserves.
TFC is courting Australian and North American based Oil & Gas companies for opportunities in the Overlapping Claims Area in the Gulf of Thailand. Starting with the securing of concession blocks, to detailed work programs and negotiations for exploration contracts, TFC is beginning to carve itself an important niche role in this highly specialized sector.
TFC TURKEY – WARM WELCOME OF TURKISH CORPORATE BANKERS
TFC is actively pushing the business development in Turkey since opening of Istanbul office. In line with enthusiasm of opening Turkey market, TFC has successfully presented itself at 3rd Annual Turkey Trade & Export Finance conference between 19-20 March 2009. TFC was one of the main sponsors of the event.
Mahmut Tumenbatur from Istanbul office, Kimmy Chu and Ms. Jessica Gaisano
from Hong Kong HQ teamed up to present TFC.
This conference has been very useful to build up network and TFC brand in Turkey corporate banking sector. Mr Tumenbatur was one of the speakers in the conference, and he got very positive feedback from a lot of bankers after the presentation because all corporate banking veterans are very interested in TFC’s mission of being a bridge between China and Turkey capital markets.
Now our Turkey office is working on several potential projects:
- Coffee manufacturing
- Hospital Chain
- Mining Group
- Wind Turbines Manufacturing for renewable energy
- Royalty Management Company
TFC is an alternative financial services provider based in Hong Kong, Asia’s world city. For more information please visit www.tfcfinancialgroup.com or contact us at tfc@tradefinancecorp.com
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