TORONTO, Nov. 2, 2015 /CNW/ - Sunwah International Limited,TSX: SWH (the "Company"), an Asian based financial services firm founded in 1990, is pleased to announce the appointment of Mr. Michael Koon Ming Choi as Chief Executive Officer (CEO). Mr. Choi, who succeeds Mr. Douglas C. Betts, is a long-time director of the Company and its subsidiary.
Mr. Betts, CEO since 2006, will remain considerably involved in the day-to-day operations of the Company's internationally focused business as Executive Director, a capacity in which he has served since 2001. Mr. Betts steps down from his role as CEO to pursue additional avenues in his career.
Mr. Choi takes over Sunwah International's helm with a wealth of expertise gained of his lengthy tenure as CEO (since 2010) and Director of Sunwah Kingsway Capital Holdings Limited (since 2000). Sunwah Kingsway Capital Holdings Limited is the Company's primary operations in Hong Kong and it is listed on the Stock Exchange of Hong Kong. Mr. Choi also contributes extensive experience in the financing activities of corporate and property mortgage, real estate development and property investment.
"Michael offers the proven ability to lead an Asian based, globally focused Company with both domestic and international growth. Under his lead as CEO of our Hong Kong operations, we have experienced key improvements, both operationally and financially, and I am confident in his ability to successfully run our international group," said Dr. Jonathan Choi, Chairman of the Company. "I would like to take this opportunity to thank Douglas for his significant contribution thus far and for his continued involvement as Executive Director moving forward. I also wish him success in his additional career pursuits."
About Sunwah International Limited
Sunwah International Limited (TSX: SWH) is a strategically positioned asset-based financial services provider, linking the global investment community with China's high growth economy. Founded in 1990 and backed by prominent Hong Kong based conglomerate, Sunwah Group, a key element of the Company's growth strategy involves identifying and advancing select international opportunities that are poised to benefit from proliferating consumerism in China and development in key areas of Southeast Asia. Sunwah International is uniquely positioned to capitalize on this demand and the global economic changes stemming from this shift, leveraging a 25-year track record and an extensive relationship/strategic investor network throughout Asia. The Company operates from six offices located in Hong Kong, Beijing, Shanghai, Shenzhen, Macau and Toronto.
The organization's primary Hong Kong based subsidiary, Sunwah Kingsway Capital Holdings Limited, is listed on the Stock Exchange of Hong Kong under the stock code 188. Sunwah Kingsway is licensed to provide a range of financial solutions in Hong Kong and abroad that include award-winning brokerage services and innovative corporate finance offerings.
The Company is listed on the Toronto Stock Exchange under the symbol SWH.
SOURCE Sunwah International Limited
For further information: Kristen Humphrey, Sunwah International Limited, (416) 888-2323, [email protected]