Business

CDC Games Creates Two New Corporate Governance Positions

CDC Games, still a business unit of CDC Corporation (CHINA), has created two new board positions in corporate governance as part of its preparation for CDC Corporation's potential carve-out of CDC Games as a standalone company.

As part of this move, Dato' SJ Wong, an independent director on the Board of Directors for China.com Inc, will serve as chairman of the Audit Committee at CDC Games, and Simon Wong, an independent director on the Board of Directors for CDC Games and CDC Corporation, will be chairman of the Compensation Committee at CDC Games.

Dato' Wong is co-chairman of E2- Capital (Holdings) Ltd, vice-chairman and CEO of Softbank Investment International Ltd, and chairman and CEO of SBI E2-Capital Asia Holdings Ltd.

Simon Wong is a partner of Asian Global Capital. Prior to joining Argo, he was a director and executive vice president of Transpac Capital Ltd, one of the oldest and largest private equity investment firms in Asia, managing a US$820 million portfolio with investments in approximately 200 companies in East Asia and the United States.

"We are very pleased to have these impressive professionals from our Board of Directors take on the important responsibilities of these newly created positions for CDC Games," said Fred Wang, chairman of CDC Games Board of Directors. "Their expertise and successful track record will help CDC Games as we move forward with plans for a potential carve out from CDC Corporation."

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