Hong Kong-listed NewOcean Energy Holdings Limited on Wednesday (5 January) said company secretary and authorised representative Mr. Cheung Man Kin (Mr Cheung) has resigned with immediate effect.
“The cessation was due to the job relocation caused by the reallocation of the headquarter to the Mainland China,” it stated.
“Mr. Cheung has confirmed that he has no disagreement with the board of directors of the Company and there is no other matter relating to his resignation that need to be brought to the attention of the shareholders of the Company.”
The development has resulted in Mr. Pang Yick Him (Mr. Pang) being appointed as the company secretary and authorised representative of NewOcean Energy with effect from 6 January 2022.
Mr. Pang has over 10 years of experience in auditing, accounting, finance, treasury management and corporate compliance.
He holds a bachelor degree of business administration from the Hong Kong Baptist University and is a practising member of the Hong Kong Institute of Certified Public Accountants and a Certified Financial Risk Manager admitted by the Global Association of Risk Professionals.
Mr. Pang is currently also a director of a local audit firm in Hong Kong
The reallocation of NewOcean Energy’s headquarters to Mainland China has resulted in a recent string of resignations for the firm which business activities include bunkering operations.
Related: NewOcean Energy loses second Executive Director on HQ relocation to China
Related: NewOcean Energy HQ relocates to mainland China, Executive Director resigns
Related: NewOcean Energy officially begins ‘soft touch’ debt restructuring process
Related: NewOcean Energy reshuffles lineup of Independent Non-executive Directors
Photo credit: Benjamin Child
Published: 6 January, 2022
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