Hankore (previously Bio-Treat): announces big change to senior mgt positions and reconstitution of Board.
The interim acting CEO has been re-designated as non-exec director, while 2 executive directors and 1 independent director have resigned of their own accord...
David Chen, the President and major sh/h will takeover as new executive Chariman and CEO. The other director positions will see new replacements.
Move could be part of the co’s aim to improve its mgt team, but the timing still comes as a surprise, as the previous mgt team was apparently mid-way in restructuring the Group’s operations after a series of mgt missteps.