AEM Holdings - Albert Ng will resign as CEO and director on 1 April 2014....he will be replaced by Charles Cher the former CEO of Asti Wednesday, 12 February, 2014 8:21 AM
Posted by Kevin Scully On 7 February 2014, AEM announced that its CEO and director Albert Ng would resign on 1 April 2014. The same announcement also said that Charles Cher, the former CEO of Asti would be taking over and replacing Albert on the same date.
CEO departures are always cause for concern and require serious review especially when they are sudden and unexpected. AEM is one of my Stock/value picks after it got off the SGX Watchlist about two years ago. Prior to the announcement of Albert's resignation, AEM gave a profit warning on 29 January 2014 that 2014 would see the company report a loss. The latter is not unexpected given that ...
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