Printer Friendly

Opal Technologies Inc. Changes Officer and Directors.

Business Editors

HONG KONG--(BUSINESS WIRE)--JUNE 21, 2000

Opal Technologies Inc. (OTCBB:OPAL) (the "Company") today announced that at a special meeting of the board of directors held on Saturday, June 17, 2000, a new chief executive officer and a new chief financial officer of the Company were appointed. Appointed to serve as the chief executive officer was Mr. Eric Cheng and to serve as the chief financial officer was Mr. Au Wah Edmond. Mr. Cheng and Mr. Au have also been named to the board of directors, as has Mr. Chung Siu Wah.

Mr. Eric Cheng is an executive director of United Power Investment Limited, a company listed on the stock exchange of Hong Kong Limited and which recently lent $10 million to the Company. Mr. Cheng graduated with honors from the faculty of Social Sciences University of Hong Kong in 1982, majoring in business management economics. Since his graduation Mr. Cheng has held various senior positions with major international financial institutions including Citicorp and James Capel (a unit of the Hong Kong HSBC Group).

Mr. Au Wah Edmond is a director of Golden Island (Management) Limited, a wholly-owned subsidiary of United Power Investment Limited. Mr. Au is also a director of Dynasty Hotel, Zhaoqing, the People's Republic of China (PRC), and several other privately owned companies in Hong Kong and PRC. Mr. Au is a member of Certified General Accountants of Canada (CGA) and has held senior finance and management positions in various companies and businesses in Hong Kong, the PRC, Canada and Singapore over the last twenty years.

Mr. John Koon, the former chairman and chief executive officer of the Company resigned both as the Company's chief executive officer and director, but will continue to serve in an advisory capacity.

The following persons are now serving on the board of directors of the Company:


 Name Capacity Date of Appointment as Director
 ------------------------------------------------------------------
 Eric Cheng President & CEO 11 April 2000
 Edmond Au CFO 11 April 2000
 Thomas Chen VP, Sales 6 June 1997
 Michael Botts VP, R&D 6 June 1997
 James Shane Director 6 June 1997
 SW Chung(a) Director 10 May 2000

 (a) Mr. Chung Siu Wah is a solicitor practicing in Hong Kong since
 1989 and is a partner of Messrs. Tony Kan & Company,
 Solicitors and Notaries.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 21, 2000
Words:382
Previous Article:Computer Automation Systems Inc. Announces Record 1999 Financial Results.
Next Article:Organizational Changes Signal Hibernia's Move Closer To Customers With Greater Service and Sales Focus.
Topics:


Related Articles
Emerging entrepreneurs.
LIKE, WHATEVER IT'S A BUMMER, BUT THIS SITCOM WILL ONLY LIVE FOR THE SUMMER.
Opal-RT unveils RT-LAB Electric Drive Simulator at NI Week 2002.
NIST announces standard reference material (SRM) 2017 for the paint industry. (Standard Reference Materials).
Opal Lounge opens in NoLiTa. (Retail New York).
Seattle author digs into the story of Opal Whiteley.
Wynn ballrooms.
WITH DOGS, KIDS, 'WINN-DIXIE' CAN CHARM THE FAMILY.
Youth play a frank look at teen issues.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters