(16-12-2013, 05:31 PM)CityFarmer Wrote: [ -> ]During the period, where the company seems revising its business strategy, the CFO resigned. Is it a coincident?
Ref: http://infopub.sgx.com/Apps?A=COW_Corpor...q7IRPQeSYI
When I was first researching on Sheng Siong, I noticed that they have 2 finance guys at the top (See below, from AR 2012). I was sort of puzzled then as to who is the top Finance guy. Mr Wong I reckon is prob 10-20 yrs senior to Mr Lim. An ex-colleague of mine, who attended one of the IR events, mentioned that Mr Wong was the one answering most of the qns, coz the Lim brothers are not well versed in English. I think he also mentioned that Mr Wong was brought in for the IPO exercise, given his previous experience.
Perhaps other valuebuddies who have attended IR events can give further insights into the roles and dynamics between the 2. That will allow us to draw better relevance from the announcement.
WONG SOONG KIT
Finance Director
Mr Wong Soong Kit is responsible for
overseeing our Group’s finance and
accounting functions, treasury management,
strategic planning and budgets, tax
management, corporate governance and
internal controls.
Prior to joining our Group in 2011, Mr Wong
was a financial consultant working on initial
public offerings, mergers and acquisitions,
and financial reporting. Between 1989
and 2009, Mr Wong served as the group
finance director of BRC Asia Ltd (“BRC”),
a company listed on the SGX-ST, where his
areas of responsibility included financial,
strategic, and risk management, as well as
leading BRC’s initial public offering exercise
in Singapore in 2000, assisting with the
initial public offering of BRC’s then-majority
shareholder, Acertec PLC, on the London
Stock Exchange AIM Market in around 2006,
and managing BRC’s joint venture in China.
Between 1978 and 1989, Mr Wong served
as chief financial officer of Guthrie GTS Ltd,
a company listed on the SGX-ST, where he
assisted with the group’s restructuring and
merger and acquisition exercises. Between
1977 and 1978, Mr Wong worked with Comex
Far East Pte Ltd as an accountant. He served
as an audit clerk with PriceWaterhouse (as
it was then known) between 1974 and 1977.
Mr Wong is a Chartered Accountant and
Fellow of the Association of Chartered
Certified Accountants (ACCA) (UK), as well
as a Fellow of the Institute of Certified
Public Accountants of Singapore. He is an
Independent Director of Swee Hong Ltd, a
company listed on the SGX-ST.
LIM CHEE WEE RYAN
Chief Financial Officer
Mr Lim Chee Wee Ryan is in charge of
our Group’s financial statements, cash
management, corporate governance, and
internal controls.
Prior to joining us in early 2009, Mr Lim
served as an internal audit executive and
personal secretary to the executive chairman
of San Teh Ltd, a company listed on the
SGX-ST, between 1998 and 2000. Between
2000 and 2001, Mr Lim worked as an internal
auditor with Asia Pulp & Paper Ltd, one of
the largest paper and pulp companies in
the world. He then joined Overseas Union
Enterprise Ltd, a company listed on the
SGX-ST, as an internal audit executive,
serving between 2001 and 2003, before
becoming a senior consultant at KPMG
(as it was then known), where he worked
till 2004. Between 2004 and 2007, Mr Lim
worked as an associate principal at LTC
& Associates (as it was then known), an
independent member of BKR International,
a global association of accountancy firms.
During 2007, Mr Lim served as an assistant
director at Informatics Education Ltd, a
company listed on the SGX-ST. In late 2007,
Mr Lim became a director of JF Virtus Pte
Ltd, an assurance services consultancy firm
serving publicly-listed companies. Between
2008 and 2009, Mr Lim served as regional
controller to Alantac Technology Ltd (as it
was then known), a company listed on the
SGX-ST. Mr Lim graduated with a Bachelor
of Accountancy degree from Nanyang
Technological University of Singapore in
1998. He is a Certified Public Accountant
(non-practising) and a member of the
Institute of Certified Public Accountants of
Singapore (ICPAS) as well as a Certified
Internal Auditor and member of the Institute
of Internal Auditors.