TIDMTAZ 
 
RNS Number : 0655C 
Tai Zi Capital Ltd 
05 November 2009 
 

5 November 2009 
 
 
Tai Zi Capital Ltd ("Tai Zi", or the "Company") 
Unaudited Interim Results for the six months ended 30 June 2009 
 
 
Highlights 
  *  At the request of the directors, the Company's shares were suspended from 
  trading on AIM on 4 June 2009. 
  *  Mr. Chen tendered his resignation as a director and the executive chairman of 
  the Company on 24 June 2009..The company has not to date made any investments or 
  carried out any trading activities since its admission to AIM on 1 July 2008. 
 
 
A copy of the interim results is available on the Company's website 
www.taizicapital.com 
 
 
For further information, please contact: 
 
 
Lawrence Man Kwan NG 
+852 3719 7399 
Tai Zi Capital Ltd 
www.taizicapital.com 
 
 
Dominique Doussot/Jonathan Evans 
+44 (0) 20 7060 1760 
ZAI Corporate Fianance Ltd 
www.zaicf.com 
 
 
Chairman's Statement 
 
 
I am pleased to present the unaudited interim accounts for the period ended June 
30, 2009 of Tai Zi Capital Limited ("the Company"). The Company is an investment 
company focused on the acquisition of interests in property in Taiwan and more 
generally throughout Far East Asia. To date, the Company has not made any 
investments or any property acquisitions or otherwise carried out any trading 
activities. 
Our interim results reflect merely the operating costs of maintaining the 
Company. As has been previously announced, at the request of the directors, the 
shares of the Company were suspended from trading on AIM on 4 June 2009, and 
they currently remain suspended; The suspension followed the detention of Mr. 
Jen-Ching Chen ("Mr. Chen"), the executive chairman of the Company, on 2 June 
2009 by Taiwan prosecutors in relation with an alleged fraud involving Prince 
Housing and Development Corp ("Prince Housing"), a property development company 
quoted on the Taiwan Stock Exchange.  On 17 June 2009 Mr. Jen-Ching Chen ("Mr. 
Chen"), tendered his resignation as a director and the executive chairman of the 
Company. 
 
 
Subsequent to these events, the board is aware that Prince Housing is seeking to 
dispose of its interest in the company so remove any impediment for the Company 
to continue with its investing strategy and return the company to trading on 
AIM.  The board will keep shareholders informed of any significant 
developments. As of October 11, 2009, the current cash balance is US$ 5,249,358. 
 
 
 
 
 
 
 
 
Lawrence Man Kwan Ng 
Executive Director 
 
 
 
 
 
 
TAI ZI CAPITAL LTD 
 
 
CONDENSED CONSOLIDATED INCOME STATEMENT 
FOR THE SIX MONTHS ENDED 30 JUNE 2009 
 
 
+--------------------------------+-------------+------------+-------------+ 
|                                | Unaudited   | Unaudited  | Unaudited   | 
|                                | 6 months to | 6 months   | 6 months to | 
|                                | 30.6.2009   | to         | 31.12.2008  | 
|                                |             | 30.6.2008  |             | 
+--------------------------------+-------------+------------+-------------+ 
|                                | USD         | USD        | USD         | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Revenue                        |           0 |          0 |           0 | 
+--------------------------------+-------------+------------+-------------+ 
| Cost of sales                  |           0 |          0 |           0 | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Gross profit                   |           0 |          0 |           0 | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Administrative expenses        |   (106,118) |  (289,303) |   (690,857) | 
+--------------------------------+-------------+------------+-------------+ 
| Other operating loss           |           0 |          0 |           0 | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Loss from operations           | (106,118)   |  (289,303) |   (690,857) | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Finance income                 |       2,655 |          0 |      43,792 | 
+--------------------------------+-------------+------------+-------------+ 
| Finance costs                  |         (1) |          0 |        (51) | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Loss before taxation           | (103,464)   |  (289,303) |   (647,116) | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Income tax                     |           0 |          0 |           0 | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Loss for the period            |   (103,464) |  (289,303) |   (647,116) | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Attributable to:               |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
| Equity shareholders of the     |   (103,464) |  (289,303) |   (647,116) | 
| company                        |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
|                                |             |            |             | 
+--------------------------------+-------------+------------+-------------+ 
 
 
 
 
 
 
 
 
TAI ZI CAPITAL LTD 
 
 
CONDENSED CONSOLIDATED BALANCE SHEET 
FOR THE SIX MONTHS ENDED 30 JUNE 2009 
 
 
+---------------------------+--------------+---------------+---------------+ 
|                           | Unaudited    | Unaudited     | Unaudited     | 
|                           | 6 months to  | 6 months to   | 6 months to   | 
|                           | 30.6.2009    | 30.6.2008     | 31.12.2008    | 
+---------------------------+--------------+---------------+---------------+ 
|                           | USD          | USD           | USD           | 
+---------------------------+--------------+---------------+---------------+ 
| ASSETS                    |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Non-current assets        |            0 |             0 |             0 | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Current assets            |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Trade and other           |              |       500,000 |         6,536 | 
| receivables               |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Cash and cash equivalents |    5,247,907 |               |     5,361,181 | 
+---------------------------+--------------+---------------+---------------+ 
| Prepayment                |        1,513 |         2,183 |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| TOTAL ASSETS              |    5,249,420 |       502,183 |     5,367,717 | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| EQUITY AND LIABILITIES    |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Share capital             |    6,000,000 |       500,000 |     6,000,000 | 
+---------------------------+--------------+---------------+---------------+ 
| Accumulated losses        |    (750,580) |     (289,303) |     (647,116) | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Total equity              |    5,249,420 |       210,697 |     5,352,884 | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Current liabilities       |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| Trade and other payables  |            0 |       291,486 |        11,436 | 
+---------------------------+--------------+---------------+---------------+ 
| Borrowings                |              |               |         3,397 | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
| TOTAL EQUITY AND          |    5,249,420 |       502,183 |     5,367,717 | 
| LIABILITIES               |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
|                           |              |               |               | 
+---------------------------+--------------+---------------+---------------+ 
 
 
 
 
 
 
TAI ZI CAPITAL LTD 
 
 
CONDENSED CONSOLIDATED SHEET OF CHARGES IN EQUITY 
FOR THE SIX MONTHS ENDED 30 JUNE 2009 
 
 
+-------------------+----------------+--------------+----------------+ 
|                   | Share          | Accumulated  |                | 
+-------------------+----------------+--------------+----------------+ 
|                   | Capital        | Losses       | TOTAL          | 
+-------------------+----------------+--------------+----------------+ 
|                   | USD            | USD          | USD            | 
+-------------------+----------------+--------------+----------------+ 
| At 1 January 2009 |      6,000,000 |    (647,116) |      5,352,884 | 
+-------------------+----------------+--------------+----------------+ 
| Profit for the    |                |    (103,464) |      (103,464) | 
| period            |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
|                   |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
| At 30 June 2009   |      6,000,000 |    (750,580) |     (5249,420) | 
+-------------------+----------------+--------------+----------------+ 
|                   |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
 
 
FOR THE SIX MONTHS ENDED 30 JUNE 2008 
 
 
+-------------------+----------------+--------------+----------------+ 
|                   | Share          | Accumulated  |                | 
+-------------------+----------------+--------------+----------------+ 
|                   | Capital        | Losses       | TOTAL          | 
+-------------------+----------------+--------------+----------------+ 
|                   | USD            | USD          | USD            | 
+-------------------+----------------+--------------+----------------+ 
| At 1 January 2008 |        500,000 |              |        500,000 | 
+-------------------+----------------+--------------+----------------+ 
| Profit for the    |                |    (289,303) |      (289,303) | 
| period            |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
|                   |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
| At 30 June 2008   |        500,000 |    (289,303) |      (210,697) | 
+-------------------+----------------+--------------+----------------+ 
|                   |                |              |                | 
+-------------------+----------------+--------------+----------------+ 
 
 
FOR THE SIX MONTHS ENDED 30 JUNE 2008 
 
 
+--------------------+---------------+--------------+----------------+ 
|                    | Share         | Accumulated  |                | 
+--------------------+---------------+--------------+----------------+ 
|                    | Capital       | Losses       | TOTAL          | 
+--------------------+---------------+--------------+----------------+ 
|                    | USD           | USD          | USD            | 
+--------------------+---------------+--------------+----------------+ 
| At 1 January 2008  |       500,000 |              |        500,000 | 
+--------------------+---------------+--------------+----------------+ 
| Issue of shares    |     5,500,000 |              |      5,500,000 | 
+--------------------+---------------+--------------+----------------+ 
| Profit for the     |               |    (647,116) |      (647,116) | 
| period             |               |              |                | 
+--------------------+---------------+--------------+----------------+ 
|                    |               |              |                | 
+--------------------+---------------+--------------+----------------+ 
| At 31 December     |     6,000,000 |    (647,116) |    (5,352,884) | 
| 2008               |               |              |                | 
+--------------------+---------------+--------------+----------------+ 
|                    |               |              |                | 
+--------------------+---------------+--------------+----------------+ 
 
 
 
 
TAI ZI CAPITAL LTD 
 
 
CONDENSED CONSOLIDATED CASH FLOW STATEMENT 
FOR THE SIX MONTHS ENDED 30 JUNE 2009 
 
 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   | Unaudited    | Unaudited     | Unaudited    | 
|                                   | 6 months to  | 6 months to   | 6 months to  | 
|                                   | 30.6.2009    | 30.6.2008     | 31.12.2008   | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Cash flows from operating         |    (112,532) |             0 |    (686,008) | 
| activities                        |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Cash flows from investing         |              |             0 |              | 
| activities                        |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Interest received                 |        2,655 |             0 |       47,792 | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Net cash used in investing        |        2,655 |             0 |       43,792 | 
| activities                        |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Cash flows from financing         |              |               |              | 
| activities                        |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Proceeds from issue of ordinary   |            0 |             0 |    6,000,000 | 
| shares                            |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Net cash generated from financing |              |             0 |    6,000,000 | 
| activities                        |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Net decrease in cash and cash     |              |             0 |    5,357,784 | 
| equivalents                       |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Cash and cash equivalents at      |    5,357,784 |             0 |            0 | 
| Beginning of the period           |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
| Cash and cash equivalents at      |    5,247,907 |             0 |    5,357,784 | 
| end of the period                 |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
|                                   |              |               |              | 
+-----------------------------------+--------------+---------------+--------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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