FONT-SIZE Plus   Neg

Cogo Group Names Andy Liu As CFO

Chinese Semiconductor maker, Cogo Group, Inc. (COGO) announced Monday the appointment of Andy Liu as chief financial officer and director of the board, effective September 23, 2012.

Liu replaces Frank Zheng, who resigned from the position but will continue with the company as an advisor.

Cogo's CEO and chairman, Jeffrey Kang, said, "On behalf of the Board of Directors, we are pleased to have Andy join our management team. We appreciate Frank's great contribution to the company as chief financial officer since 2008 and as a board member since January 2005."

Liu joined Cogo as an Associate of Group Accounting in 2004. During his tenure, Liu has been instrumental in shaping the company's accounting policies and procedures, as well as developing the accounting team. He was named vice president of Group Accounting in June 2012.

Shares of Cogo Group are currently trading at $2.16, up 26 cents or 13.72% on the Nasdaq.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT