Shengkai Innovations, Inc. Announces Resignation of David Ming as Chief Financial Officer, Effective from April 19, 2012
March 21, 2012 at 01:31 am IST
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Shengkai Innovations, Inc. announced that on March 20, 2012, Mr. David Ming tendered his resignation as the company's Chief Financial Officer for personal reasons. His resignation will become effective on April 19, 2012. His resignation is not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices.
Shengkai Innovations, Inc. (SKII), through its subsidiaries and affiliates, is in the business of manufacturing and sale of industrial ceramic valves and components in the Peopleâs Republic of China (PRC). The Company is a holding company of Shen Kun International Limited (Shen Kun). Shen Kun holds 100% of the equity interests in Shengkai (Tianjin) Limited (SK WFOE), a wholly foreign owned enterprise organized under the laws of the PRC, which, in turn, through contractual relationships, controls the business of Tianjin Shengkai Industrial Technology Development Co., Ltd. (Tianjin Shengkai), a PRC company that designs, manufactures and sells ceramic valves. Shengkai (Tianjin) Trading Ltd. is primarily engaged in the international trading of non-valve products to serve the Companyâs international customers.