23rd Jan 2015 12:50
LONDON (Alliance News) - Gowin New Energy Group Ltd Friday said its interim chief financial officer and company secretary has tendered his resignation, meaning he will step down at the end of the month.
News of Brian Ho's resignation comes after the company's shares were hit earlier this week after it said it is to book a big writedown when it reports full-year results for 2014, blaming difficulties in collecting money owed to the company by its debtors.
"The board appreciates the improvements in financial governance that Brian has assisted in integrating. An announcement on Brian's successor will be made shortly," Gowin New Energy Group said in a statement.
Gowin New Energy shares were down 7.7% at 0.600 pence on Friday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
GWIN.L