AirNet Appoints Dan Shao To Replace Herman Man Guo As CEO

RTTNews | 856 days ago
AirNet Appoints Dan Shao To Replace Herman Man Guo As CEO

(RTTNews) - AirNet Technology Inc. (ANTE), formerly known as AirMedia Group Inc., announced Friday changes in its board of directors and management. The company appointed Dan Shao, the spouse of Herman Man Guo, as the chief executive officer to replace Guo, effective from September 9, 2022.

Guo has resigned as CEO of the Company for personal reasons, effective from September 9, 2022. Guo's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Guo will continue to serve as the chairman of the Board and interim chief financial officer of the Company.

Shao has served as a managing director of Air Media International (S) Pte Ltd, a company wholly owned by Shao, and as a managing director of Air Joy Media Private Limited, a subsidiary of AirNet, since December 2013 and November 2019, respectively.

In addition, she has served as an executive director of Multiway International Consultancy Pte Ltd. since November 2020 and as a business development director at Elmwood Group Pte Ltd since August 2021.

Shao also worked at Shandong Hongzhi Advertising Co. Ltd. from December 2004 to December 2006, and at Sun Television Cybernetworks Enterprise Ltd. from January 2003 to November 2004.

The Board has also nominated and appointed Shao as a director of the Board, effective from September 9, 2022.

Upon the effectiveness of Shao's appointment, the Board will consist of six directors, including three independent directors.

read more
Indonesia Bourse May Hand Back Friday's Gains

Indonesia Bourse May Hand Back Friday's Gains

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
RTTNews | 5h 12min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | 5h 19min ago
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews | 5h 27min ago
Lower Open Anticipated For China Stock Market

Lower Open Anticipated For China Stock Market

The China stock market has moved lower in two straight sessions, slumping more than 60 points or 2 percent in that span. The Shanghai Composite Index now sits just beneath the 3,170-point plateau and it's expected to see continued consolidation again on Monday.
RTTNews | 5h 42min ago
Taiwan Shares Likely To Start Under Water On Monday

Taiwan Shares Likely To Start Under Water On Monday

The Taiwan stock market has moved lower in three straight sessions, dropping almost 650 points or 2.7 percent along the way. The Taiwan Stock Exchange now sits just above the 23,010-point plateau and it's got another soft lead for Monday's trade.
RTTNews | 6h 12min ago
Losing Streak May Continue For Singapore Stock Market

Losing Streak May Continue For Singapore Stock Market

The Singapore stock market has finished lower in back-to-back sessions, giving away more than 85 points or 2.2 percent along the way. The Straits Tines Index now rests just above the 3,800-point plateau and it may take further damage again on Monday.
RTTNews | 6h 42min ago
Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market on Friday ended the two-day losing streak in which it had dropped almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,600-point plateau although it's tipped to open under pressure again on Monday.
RTTNews | 7h 12min ago
Continued Consolidation Called For South Korea Shares

Continued Consolidation Called For South Korea Shares

The South Korea stock market on Friday wrote a finish to the five-day winning streak in which it had surged more than 120 points or 4.8 percent. The KOSPI now sits just above the 2,515-point plateau and the losses may accelerate on Monday.
RTTNews | 7h 42min ago