7th Dec 2015 11:08
LONDON (Alliance News) - Chinese eCommerce operator JQW PLC Monday said that its Chief Financial Officer Francis Chan Hein Huey has handed in his resignation and will leave the company to pursue other options.
The company said that it is initiating a recruitment process to secure a replacement. The resignation follows the resignation of the company's nominated adviser Cairn Financial Advisers LLP last Wednesday.
Under AIM rules the company is required to appoint a new nominated adviser within a month, or its shares will be cancelled from trading from AIM.
JQW said it will seek to appoint a new nominated adviser, but it "cannot be certain" it will be able to appoint a replacement.
Shares in JQW remain suspended.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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