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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  DreamEast Group Limited    593   BMG8201D1204

DREAMEAST GROUP LIMITED

(593)
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DreamEast : CHANGE OF CHIEF FINANCIAL OFFICER

10/08/2019 | 05:00am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement

DREAMEAST GROUP LIMITED

夢東方集團有限公司

(Incorporated in Bermuda with limited liability and

carrying on business in Hong Kong as "DreamEast Cultural Entertainment")

(Stock Code: 593)

CHANGE OF CHIEF FINANCIAL OFFICER

The board of directors (the "Board") of DreamEast Group Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that Mr. Chan Tak Kwong ("Mr. Chan") has resigned as the Chief Financial Officer of the Company effect from 8 October 2019. Mr. Chan will remain as the company secretary and authorized representative of the Company.

The Board also announces that Mr. Zhao Bencai ("Mr. Zhao") has been appointed as the Chief Financial Officer in replacement of Mr. Chan with effect from 8 October 2019.

Mr. Zhao, aged 46, was the vice president of the capital operation department of Lerthai Group Limited before joining the Group, responsible for asset mergers and acquisitions ("M&As"), asset backed securitization ("ABS"), M&As funds operation and the investigation and research on real estate investment trusts and capital market. He has also been appointed as the Chief Financial Officer of SkyOcean Group Holdings Limited on 25 September 2019. He holds a postgraduate's degree in accounting from Xiamen University and is a certified public accountant in China and an International Certified Commercial Investment Member. Mr. Zhao has extensive experience in commercial real estate investment and M&As, asset management, ABS and real estate trust funds in Greater China.

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Mr. Zhao will report to the Chief Executive Officer and be responsible for financial management and reporting. He will also assist the Chief Executive Officer in formulating and implementing corporate strategies.

The Board would like to thank Mr. Chan for his valuable contribution to the Company during his tenure of service and would like to extend its welcome to Mr. Zhao on his new appointment.

By order of the Board of

DreamEast Group Limited

Zhou Zheng

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 8 October 2019

As at the date of this announcement, the Board comprises Mr. Zhou Zheng (Chairman and chief executive officer), Mr. Lam Yu Yee, Benjamin (Vice chairman) and Mr. Yang Lei being the executive Directors, and Mr. Li Chak Hung, Dr. Meng Xiaosu, Mr. Yang Buting and Mr. Zhao Daxin being the independent non-executive Directors.

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Disclaimer

DreamEast Group Limited published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 08:59:12 UTC


© Publicnow 2019
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Financials
Sales 2019 120 M 15,5 M 15,5 M
Net income 2019 -200 M -25,8 M -25,8 M
Net Debt 2019 4 983 M 643 M 643 M
P/E ratio 2019 -6,90x
Yield 2019 -
Capitalization 856 M 110 M 110 M
EV / Sales 2018 45,1x
EV / Sales 2019 53,0x
Nbr of Employees 230
Free-Float 28,1%
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Managers and Directors
NameTitle
Zhi Tao Zhou CEO, Executive Director & Authorised Rep
Ru Cang Cao Chairman
Xiao Su Meng Independent Non-Executive Director
Da Xin Zhao Independent Non-Executive Director
Bu Ting Yang Independent Non-Executive Director