30th Mar 2009 07:00
30 March 2009
Sorbic International plc
("Sorbic International" or "the Company")
Sorbic International Appoints Ryan Ng as Finance Director
Sorbic International (ticker: SORB.L), the food preservatives group, is pleased to announce the appointment of Ryan Ng, ACCA, as Finance Director. Ryan, who has been working at Sorbic International since February 2009, joins the board with immediate effect and replaces Susan Chong who has resigned from the board and the Company.
Prior to Sorbic International, Ryan was CFO of the Hong Kong based Zumera Group, a lifestyle and entertainment group with a presence in Hong Kong, Beijing and Shanghai, and also advised the company on setting up Wholly Foreign Owned Entities (WFOE) in China and on third party contracts and strategic partnerships. He was Assistant Director with the Competition Commission of Singapore from 2005 to 2007.
Ryan started his career with KPMG, latterly as audit senior working with a range of companies including financial institutions, public listed and multinational companies across financial, construction, service and trading sectors. He has a BSc (Hons) in Applied and a BA in Psychology & Japanese Studies.
Ryan Ng, aged 33, has held no directorships within the past 5 years and there are no other disclosures pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Commenting, John McLean, Chairman, Sorbic International, said:
"I would like to thank Susan Chong for all her hard work since joining Sorbic International, particularly through our listing on AIM and we wish her well for the future. We welcome Ryan to the board following his initial period of work with the Company and he brings additional experience to Sorbic International as we continue to build the Company's successful operations in China."
|
Enquiries: |
|
|
Sorbic International plc, John McLean, Chairman |
Tel: +44 (0)7768 031 454 |
|
FinnCap, Geoff Nash |
Tel: +44 (0) 20 7600 1658 |
|
Hansard Group, John Bick |
Tel: +44 (0) 7872 061007 |
Notes to Editors: www.sorbicinternational.com
Sorbic International's principal activity is the production and sale of the food preservatives Sorbic Acid and Potassium Sorbate from its base in Linyi City, Shandong Province, Peoples Republic of China ("PRC"). Approximately half of Sorbic International's production is sold to overseas markets, across 46 countries and half into the Chinese domestic market.
Sorbic Acid is a naturally occurring organic compound that is used in all kinds of foods for its anti-decomposition and anti-fungus function and also in grains, medicines, cosmetics, toothpaste, tobacco, animal feed, latex, paper-manufacturing and pesticides. Potassium Sorbate is used to inhibit moulds and yeasts in many foods, such as cheese, wine, yogurt, dried meat, baked goods, cosmetics and pharmaceuticals.
Related Shares:
Sorbic International