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NewOcean Energy loses second Executive Director on HQ relocation to China

03 Jan 2022

Hong Kong listed NewOcean Energy Holdings Limited on Friday (31 December) said Mr. Cen Ziniu has resigned as an executive director and authorised representative with immediate effect.

The development 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.”

“Mr. Cen 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,” it states.

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

Manifold Times on 24 December reported Mr. Shum Chun, Lawrence leaving NewOcean Energy as its Executive Director and authorised representative.

The latest line up of the company’s board is as follows:

In order to comply with the Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Company Secretary, Mr. Cheung Man Kin has been appointed as the authorised representative of the Company to fill in the vacancy.

Related: NewOcean Energy HQ relocates to mainland China, Executive Director resigns
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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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Photo credit: Drew Beamer
Published: 3 January, 2022

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