– UK, London – Safestay (AIM:SSTY), the owner and operator of a new brand of contemporary hostel, announces the appointment of Mr Anson Chan, who will join the Board of the Company as Non-Executive Director with immediate effect. Mr Chan is a Director and Co-Founder of Pyrrho Investments Ltd which owns 21.99% of the Company’s issued share capital.

Mr. Anson Chan is a respected Hong Kong businessman who has accumulated a variety of management and investment experiences. Over the years, he has served as an executive director for his family’s real estate development and investment business, the Bonds Group of Companies. Before joining his family business, Mr. Chan was an associate director in the proprietary investments group for a Japanese investment bank, Nomura International, from 2000 to 2004, and of AIG Investment Corporation from 1998 to 2000. He was responsible for developing new investment opportunities in private equity in Greater China. In addition, Mr. Chan is a seed investor and responsible officer of an Asia-focused fund, Evenstar Fund. From 2005 to 2008, he also served as a senior advisor to Elliott Associates, a leading U.S. based activist investment fund with assets under management in excess of UK$10 billion.

Commenting on his appointment, Group Chairman Larry Lipman said “We are very pleased to welcome Anson to the Board. He has substantial board level experience and an excellent understanding of our business. 2017 so far has been transformative for Safestay with the hostel portfolio increasing threefold through a series of acquisitions. Anson’s appointment is therefore well timed as we look to take advantage of his experience of developing young growing companies and build on this momentum.”

For more information : http://www.safestay.com

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