Xpress Holdings founder to step down from board
Printing company Xpress Holdings on Thursday said its founder, KK Fong, will step down from the board. Mr Fong will be appointed the chief operating officer of the company.
The company's new investor, Ma Weidong, the single largest shareholder of Xpress after the completion of a share placement and warrants issue, will be appointed as the executive chairman and chief executive officer.
Xpress shareholders approved the share placement and warrants issue at a shareholders' meeting on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Manulife profit beats on growth in Asia, wealth management
Sanofi inks US$1.2 billion vaccine licensing deal with Novavax
London's FTSE 100 extends record streak as UK exits recession
Hot stock: UOI surges to over 6-month high amid heavy trading
Brokers’ take: AEM now in ‘hold’ position for Maybank and DBS