This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Asia Pacific Wire And Cable Corporation Appoints Ivan Hsia As New Chief Financial Officer

TAIPEI, Taiwan, July 30, 2013 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (Nasdaq:APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that Mr. Ivan Hsia has been appointed as the Company's new Chief Financial Officer effective August 1, 2013.

Mr. Hsia will replace Mr. Frank Tseng, who is stepping down from his position as CFO of APWC for personal reasons. The Company notes that Mr. Tseng resigned amicably and has no disagreements with the Company on financial reporting or other financial or business issues. The Company values the significant contributions made by Mr. Tseng during his tenure and notes that Mr. Tseng will also assist the Company during a transition period.

Mr. Ivan Hsia joined the Company in 2011 and served APWC initially as Senior Manager of APWC's internal audit group, prior to being appointed Deputy CFO of the Company. As Deputy CFO, Mr. Hsia has taken the lead on the Company's conversion from U.S. GAAP to IFRS, performed various CFO functions, and reported to Mr. Frank Tseng and Mr. Chun-Tang Yuan, CEO of APWC on special projects assigned to him. Mr. Hsia is a Certified Public Accountant in California, USA; he is also a Certified Internal Auditor and Certified Information System Auditor. Ivan Hsia previously held the position of Auditing Director in in Los Angeles. Prior to that, he served as an Audit Manager at PricewaterhouseCoopers in Taipei. Mr. Hsia holds a Master's degree in business administration in accounting from TamKang University, Taiwan.

"On behalf of our Board of Directors and management team, we want to sincerely thank Frank Tseng for his years of service as our CFO," states Chun-Tang Yuan, CEO of APWC. "Frank was the essential team member whose efforts contributed significantly to our Company's listing on Nasdaq in 2011 and our company's elevation to Nasdaq's Global Markets tier in March of this year. We are equally confident in Ivan Hsia's professional knowledge and extensive experience in financial reporting and corporate governance. At our Company, we feel that Ivan will continue to drive operational improvement, maintain our strong corporate governance and increase our investor outreach in his new role as CFO of the Company," Mr. Yuan concluded.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs