Board & Background
ShuGuang Wang
Chairman, Asa Resource Group plc
Dr ShuGuang Wang is currently Vice-President of Hailiang Group Co. Ltd and has a PhD. He has held senior positions at Urumchi High-Tech-Development Zone (New urban area) including at the Treasury Division — Bureau of Finance, Economic and Financial Office, General Office and at the China Public Private Partnerships centre. He is also a former director and Vice-President of Xinjiang Zhongke Yuanjiang Innovation Venture Private Equity Partnership (L.P.) and Chairman of Xinjiang GaoxinZhaoying Fund Limited.
Shao Boxuan
CEO, Asa Resource Group plc
Mr. Shao Boxuan is a senior economist and achieved a postgraduate degree in Economics and Business Administration from Wuhan University. In 2000 Mr. Shao commenced doing business with Boss Mining, Group Bazano, Camec, KMC, ENRC and other companies in the DRC which he continued to do for over a decade. He has extensive experience in investments and business, especially within the mineral and mining sector. Mr. Shao has a profound understanding of doing business in the DRC and African countries and deeply understands the economic environment of the region.
Olivier Alain Barbeau
Director, Asa Resource Group plc
Olivier Barbeau is registered as a chartered accountant in South Africa and Mauritius and has extensive advisory and corporate finance experience. Olivier is a member of the Institute of Directors of South Africa as well as a Fellow of the Mauritius Institute of Directors. Olivier’s extensive experience in the mining sector has seen him initiate, develop and implement merger and acquisition transactions for both listed and unlisted companies across the African continent. His Mauritian interests have equipped him to advise several multinational businesses on their offshore structures and strategies.
Strategy
The Board is committed to restoring the Group to good standing in every jurisdiction in which it is established and has operations with the overall objective of increasing the value of the Group’s assets for all shareholders.
The challenges are many and varied including residual matters not dealt with by the Administration in a satisfactory manner. Significant monies remain outstanding due from a number of sources including a prospective purchaser from the Administrators guaranteed by Reserve Bank of Zimbabwe and HM Revenue and Customs for recoverable VAT input tax.
There is a significant contingency sum also deposited with Court Funds Office for ongoing litigation in Mauritius brought by a former director.