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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
By Kevin Scully-Financial Blog  •  February 12, 2014
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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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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