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

GigaMedia Adds New Independent Director To Board

TAIPEI, Oct. 30, 2013 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) announced today the addition of Alfred Wong to its board as an independent director. Mr. Wong brings to GigaMedia extensive experience in regional business development and mergers and acquisitions.

"Over the past several years, we have added eight new board members to oversee the restructuring of GigaMedia and execution of new strategic growth plans," stated GigaMedia Limited Chairman of the Board Mo-Na Chien. "Our focus is now on driving growth, and Alfred will play an important role."

"Alfred has an exceptional record of helping Asian businesses grow through joint ventures, investments, and mergers and acquisitions," stated GigaMedia Chairman of the Board Mo-Na Chien. "His vision, skills and leadership will be instrumental in creating a strong new GigaMedia."

"GigaMedia has new businesses, a new management team and board, and deep financial resources," stated Alfred Wong. "We are poised to create significant value through organic growth and strategic transactions and I look forward to working closely with the team on its exciting plans in online games and cloud computing."

Alfred Wong currently serves as the managing director of CLJ Capital Management Co. Limited, a Shanghai-based private equity firm. He is also non-executive director of Philippine Grains International Corporation, owner and operator of the largest grain terminal in the Philippines. Previously, he was an advisor to Chailease Holding Co Ltd. From 2006 to 2011 Mr. Wong was the director of development for one of the largest agricultural product providers in the Philippines, La Filipina Uy Gongco Corporation, where, among other transactions, he advised the company and a consortium of strategic investors and private equity firms on a bid for the largest food company in the Philippines. Prior to that, he served as an advisor to MatlinPatterson Global Advisers, a global private equity firm focused on distressed investments with $8.9 billion of assets under management, and was a partner at Pareto Partners, a joint venture with Hong Kong-listed Golden Resources Group (677.HK) to develop Vietnamese infrastructure. Mr. Wong was interim chief financial officer at Petrocom Energy Limited in Hong Kong in 2005; prior to that he held multiple senior management positions at AIF Capital Limited, Hong Kong, an Asia-based private equity firm with over $1.3 billion in assets under management where he handled transactions involving a wide range of industries. He began his career at Emerging Markets Partnership, Hong Kong, the predecessor to EMP Global, principal advisor to the AIG Asian Infrastructure Funds, two funds totalling $2.7 billion, where he helped grow and list in Hong Kong one of the largest toll road companies in mainland China. Mr. Wong earned a master's degree from the Leonard N. Stern School of Business at New York University and a bachelor's degree in management/economics from Ateneo De Manila University in the Philippines.

Mr. Wong replaces board director Nancy Jing-Ying Hu Zee, who has resigned to pursue other interests. Following the addition of Mr. Wong announced today, GigaMedia's board is comprised of eight members, a majority of which are independent.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited ( Singapore registration number: 199905474H) is a diversified provider of online games and cloud computing services. GigaMedia's online games business develops and operates a suite of games in Taiwan and Hong Kong, with focus on Web-based/mobile games. The company's cloud computing business is focused on providing SMEs in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness. More information on GigaMedia can be obtained from

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


Chart of I:DJI
DOW 17,789.17 +69.25 0.39%
S&P 500 2,094.21 +13.80 0.66%
NASDAQ 5,136.1680 +27.5020 0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs