When I was reading through the third quarter financial results of Nera Telecommunications Ltd, I found out that Mr Ang Seong Kang Samuel, the Chief Executive Officer of Nera Telecommunications Ltd has tendered his resignation. The reason given his cessation on SGX announcement was retirement. Mr Ang is 61 years old. Mr Beck Tong Hong will act as Chief Executive Officer in the interim.
Nera Telecommunications has also announced a special dividend of $0.15. The special dividend payout was from the sale proceeds of its payment solutions few months ago. (NeraTel Completes Sale of Payment Solutions) (more…)