BVI Company News

The BVI company China Cablecom Holdings, Ltd. – a joint-venture provider of cable television services in China – announced the appointment of the new Chief Financial Officer Sikan Tong, which will replace Colin Sung, the former President and CFO of the company, which was appointed to this post a year ago, and tendered his resignation effective March 31, 2009, in order to pursue other professional opportunities.

On March 31, 2009 Mr. Tong will assume Mr. Sung’s role as CFO of the company. Formerly he worked in the audit practice of the Shanghai office of PriceWaterhouseCoopers, then he led audit teams in the UK and Shanghai for various industries. Prior to serving as the Senior Vice President of Finance at China Cablecom, Mr. Tong was the CFO at Merrylin International Holding. Also, he served as Head of Accountancy Training at the Financial Training Company, a leading provider of professional qualifications and business training in the UK and Asia.

Clive Ng, Founder & Executive Chairman of China Cablecom, said that under the guidance of the new CFO the company is confident in being well-positioned in the continuing focus on enhancing their value-added service platform, reducing the debt, cutting expenses, and improving margins.

British Virgin Islands-registered China Technology Development Group Corporation (CTDC), providing solar energy products and solutions in China focusing on a-Si thin film technology,  announced the appointment of Gary Leung as the new Chief Financial Officer who will lead the company’s financial management and accounting team. In this post he replaced Charlene Hua who resigned with effect from November 6, 2008. Charlene Hua, in her turn, confirmed that there were no disagreements between her and CTDC on any matter which became the reason for her resignation.

Mr Leung has experience in accounting, planning and budgeting, strategic development, internal controls as well as PV markets in the U.S. and China. He worked in the post of Managing Director of Oracle Corporation in HK and China, and in the post of Chief Accountant of Orix HK Corporation. Mr Leung also took part in defining the first set of accounting principle and tax rules for leasing industry. He holds a Master’s degree in Business Administration from International Management Centre of Buckingham, UK.