16th Mar 2009 07:00
Appointment of Chief Financial Officer
HaiKe Chemical Group Ltd
HaiKe Chemical Group Ltd ("HaiKe" or the "Company") the AIM quoted (AIM : HAIK) petrochemical and speciality chemical business based in China is pleased to announce the appointment of Nick Ning Su as Chief Financial Officer effective from 16 March 2009. Nick will be responsible for all of HaiKe's financial and investor relations affairs and replaces Johnson Lau who will remain on the Board of the Company.
Nick, aged 39, brings with him over 10 years of relevant accounting and industry experience at leading international blue chip companies in China. Most recently, he was the financial controller at several business units of Chinese subsidiaries of Ciba Specialty Chemicals, a global leader in plastic additives, coating effects and water and paper treatment. Nick also held the position of deputy general manager and chief accountant at Danisco Ingredients (China) Co. Ltd. Danisco is a food ingredients company with a market capitalisation of approximately £1.1 billion.
Nick graduated from the People's University, Beijing, with a Bachelor of Arts in Accounting and attended the Canadian General Accountant Training Courses with International Business and Economics University, Beijing.
Mr. Yang Xiaohong, Executive Chairman, said:
"We are delighted to welcome Nick Su on to our team. Nick brings extensive industry and financial experience which will be invaluable to the Company. Johnson Lau, who has been with HaiKe since our flotation in 2007, has contributed significantly to its development and will continue to play a key role as a Non-Executive Director in achieving further milestones for the Company."
Whilst Nick Ning Su will not be appointed to the Board, the Company confirms that there are no matters Haike would be required to disclose about Nick Ning Su pursuant to schedule 2 (g) of the AIM rules.
For further information please contact:
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Evolution Securities Limited (Nominated adviser) |
Stuart Andrews / Barry Saint / Esther Lee |
+44 (0) 20 7071 4300 |
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Evolution Securities China Limited (Financial adviser and broker) |
+44 (0) 20 7220 4850 |
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|
Cardew Group |
Rupert Pittman / Shan Willenbrock / Catherine Maitland |
+44 (0) 20 7930 0777 |
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Haike Chemical Group