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Cheung Woh Technologies names new CEO as Q2 earnings slump 87%

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Cheung Woh Technologies names new CEO as Q2 earnings slump 87%.

LAW Kung Ying, the chief executive of Mainboard-listed Cheung Woh Technologies, will retire from the top job on Feb 28, 2020 due to health reasons. He will be replaced by his brother Law Kung Ming.

The company's turnover for the quarter fell 44 per cent to S$12.9 million, due to lower sales of certain HDD components, namely, baseplates, air-combs and VCM plates. Its precision metal stamping business also faced lower customer demand.

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