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NewOcean Energy HQ relocates to mainland China, Executive Director resigns

27 Dec 2021

Hong Kong listed NewOcean Energy Holdings Limited on Friday (24 December) said its Executive Director and authorised representative Mr. Shum Chun, Lawrence (Mr. Shum) resigned with immediate effect.

The resignation was, “due to his personal commitment and job relocation caused by the reallocation of the headquarter to the Mainland China which lead to considerable inconvenience,” noted a statement.

“Mr. Shum has confirmed that he has no disagreement with the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

“The Board of Directors of the Company would like to express its sincere gratitude to Mr. Shum for his contribution to the Company.”

In compliance with Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited Mr. Cen Ziniu (Mr. Cen) has been appointed as Executive Director and authorised representative of the company.

Manifold Times earlier reported NewOcean Energy, a firm with bunkering operations, officially beginning its “soft touch” debt restructuring process on 21 December.

NewOcean Energy on 17 December reshuffled its lineup of Independent Non-executive Directors.

Related: NewOcean Energy officially begins ‘soft touch’ debt restructuring process
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Related: NewOcean revises creditor scheme meeting dates at Hong Kong, Bermuda Courts due to ‘substantial’ amendments
Related: NewOcean records USD 304.3 million loss, portion of SG bunkering business to remain
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Related: NewOcean proposal to adjourn court scheme meeting approved by creditors
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Related: NewOcean planning creditors meeting, foundation of debt restructuring plan laid out
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Photo credit: Tarik Haiga on Unsplash
Published: 27 December, 2021

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