Retail Pharma: China BCT Names 3 Directors
June 11, 2010 (FinancialWire) — China BCT Pharmacy Group, Inc., (OTCBB: CNBI) has appointed Man Wai Chiu, Eng Leong Lee and Simon Choi to its board of directors as independent directors effective June 7.
Lee has been the group chief financial officer for Alliance Bank Malaysia Berhad since January 2010, responsible for the overall strategy and management of group finance. From 2000 to 2010, he held various positions with Microsoft (NASDAQ: MSFT), most recently as the CFO of Microsoft Greater China.
Choi has been international legal counsel for TCL, a global TV manufacturer, since February 2005. From 1998 to 2005, he was the legal counsel and company secretary of Simatelex, a Hong Kong OEM small electrical appliances manufacturer.
Chiu has served as the COO of Deer Consumer Products (NASDAQ: DEER) since May 2007, where he manages sales, sourcing, shipping and accounting. From April 1997 to May 2007, he held various positions at Hamilton Beach Proctor-Silex, most recently as the sourcing director.
China-based China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Hefeng Pharmaceutical Co. Limited, and Guangxi Liuzhou Baicaotang Medicine Retail Limited in Guangxi province, China.
The company operates a large regional retail network in Guangxi province, consisting of 125 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the company's wholesale distribution network.
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