New Century shares surge 13.17% intraday after announcing board changes and new independent directors.
ByAinvest
Thursday, Dec 18, 2025 11:58 am ET1min read
NCEW--
New Century Logistics surged 13.17% intraday following announcements of board restructuring and new independent director appointments. The company replaced non-executive directors Ma Jay Suk Lin and Liu Kwong Sang with Mak Tsz Yeung and Chu Ka Ying, both experienced in corporate governance and finance, to strengthen oversight. Mak, a CFA and FRM holder, was named chair of the compensation committee, while Chu, a corporate secretary specialist, joined audit and governance committees. The changes, effective Thursday, signal enhanced governance aligned with NASDAQ and SEC standards, potentially boosting investor confidence in board expertise and transparency. The move was widely covered across English, Spanish, and French-language reports, underscoring its significance.
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