A8 New Media Group Names New Chief Financial Officer

A8 New Media Group's Website

Hong Kong-listed investment holding company A8 New Media Group (HKEX:0800) has announced the appointment of Lin Qian as its new Chief Financial Officer, taking over from Liu Pun Leung starting 1 September.

In a disclosure to the Hong Kong Stock Exchange, the company said its board had approved of the appointment of Lin, 33, who joins A8 New Media Group from CVCapital, where he was director from June 2014 to August 2016.

Lin had also worked as senior auditor at Ernst & Young from October 2006 to October 2009 and an investment manager at Shanghai Dong Fang Hui Jin from October 2009
to May 2011.

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He was also a vice president of the investment banking department at Hua
Tai United Securities Co., Ltd from May 2011 to June 2014.

“Lin has over 10 years of experience in capital operations and project management in relation to mergers and acquisitions and he is also familiar with capital markets in the People’s Republic of China and abroad and is proficient in capital operations,” A8 New Media Group disclosed.

Liu, meanwhile, will remain as the Executive Director, Company Secretary and one of the Authorised Representatives under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited of the Company after he ceases to be the Chief Financial Officer on 1 September 2016.

A8 Media Group is engaged in selling music content through mobile phones as ringtones, ringback tones, and interactive voice response music in China.

A8 New Media’s stock gained 1.01 percent in today’s trading to end at 0.5 a share, up 0.005 from the previous day’s close.

A total of 3.7 million share exchanged hands, with asking price hitting 0.51 a piece. – BusinessNewsAsia.com