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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  ASM Pacific Technology Limited    522   KYG0535Q1331

ASM PACIFIC TECHNOLOGY LIMITED

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ASM Pacific Technology : RETIREMENT OF CHIEF EXECUTIVE OFFICER

09/25/2019 | 06:38pm EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ASM PACIFIC TECHNOLOGY LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 0522)

RETIREMENT OF CHIEF EXECUTIVE OFFICER

The board of directors (the "Board") of ASM Pacific Technology Limited (the "Company") announces that Mr. Lee Wai Kwong ("Mr. Lee") has decided to retire as the Chief Executive Officer of the Company, to be effective at the conclusion of the next annual general meeting of the Company that is expected to be held in May 2020 (the "2020 AGM").

Mr. Lee has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of holders of securities of the Company. The Board noted that Mr. Lee has made a personal decision to retire. It would like to express its appreciation and gratitude to Mr. Lee for his immense contributions during his tenure of office through his leadership and insight and in building a solid foundation for the Company's future growth.

The Board further announces that at the conclusion of the 2020 AGM and following Mr. Lee's retirement, Mr. Robin Gerard Ng Cher Tat ("Mr. Ng"), the current Chief Financial Officer and Executive Director of the Company, shall succeed Mr. Lee as the Company's Chief Executive Officer. A further announcement will be made by the Company in accordance with Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited when Mr. Ng's appointment as Chief Executive Officer takes effect. In the meantime, the Company is in the course of identifying a suitable candidate to act as its Chief Financial Officer upon Mr. Ng's appointment as Chief Executive Officer and a further announcement will be made as and when appropriate.

By Order of the Board

ASM Pacific Technology Limited

Orasa Livasiri

Chairman

Hong Kong, 26 September 2019

As at the date of this announcement, the Board comprises Miss Orasa Livasiri (Chairman), Mr. John Lok Kam Chong, Mr. Wong Hon Yee and Mr. Eric Tang Koon Hung as Independent Non-Executive Directors, Mr. Charles Dean del Prado and Mr. Petrus Antonius Maria van Bommel as Non-Executive Directors, and Mr. Lee Wai Kwong, Mr. Stanley Tsui Ching Man and Mr. Robin Gerard Ng Cher Tat as Executive Directors.

Disclaimer

ASM Pacific Technology Ltd. published this content on 26 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2019 22:37:01 UTC


© Publicnow 2019
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Financials
Sales 2020 16 270 M 2 099 M 2 099 M
Net income 2020 976 M 126 M 126 M
Net cash 2020 980 M 126 M 126 M
P/E ratio 2020 52,4x
Yield 2020 1,29%
Capitalization 51 308 M 6 618 M 6 619 M
EV / Sales 2020 3,09x
EV / Sales 2021 2,70x
Nbr of Employees 13 900
Free-Float 74,4%
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Technical analysis trends ASM PACIFIC TECHNOLOGY LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 112,70 HKD
Last Close Price 124,90 HKD
Spread / Highest target 31,3%
Spread / Average Target -9,77%
Spread / Lowest Target -55,2%
EPS Revisions
Managers and Directors
NameTitle
Cher Tat Ng Chief Executive Officer & Executive Director
Orasa Livasiri Chairman
Ching Man Tsui Chief Operating Officer
Pei Fen Chou Chief Financial Officer & Executive Director
Yam Mo Wong Chief Technology Officer & Executive VP
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