singapore billionaire takes seat on the board.

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... as well as being an investor for $100 million ...
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ASX Release
11 July 2013

NEWSAT APPOINTS NEW NON-EXECUTIVE DIRECTOR

NewSat Limited (ASX: NWT), Australia’s satellite company, announces today the appointment of Ching Chiat Kwong as a Non-Executive Director, effective immediately.

Mr Ching has played an integral role in NewSat’s recent growth, as both a significant investor and advisor. Recognised as one of Singapore’s leading businessmen, Mr Ching has extensive executive experience across sales, marketing, finance and operations throughout Asia. With considerable expertise in leading and managing private and listed companies, Mr Ching will be a welcome addition to NewSat’s Board of Directors.

Mr Ching is also the Executive Chairman and CEO of Oxley Holding Limited, which he founded and listed on the Singapore Exchange (SGX) in 2010. Oxley Holding has undergone a period of significant growth under the leadership of Mr Ching, evolving into a prominent Singaporean property development company with a market capitalisation in excess of $1 billion. As well as his business commitments, Mr Ching is an active supporter of programs that benefit the elderly and socially disadvantaged.

In commenting on the appointment of Mr Ching as Non-Executive Director, NewSat Chairman, Richard Green said:
“We are very pleased to welcome a Director of Mr Ching’s calibre to the Board. Mr Ching brings a wealth of hands-on experience in growing and leading companies, along with management experience of listed companies. He has an excellent track record leading business ventures across Asia and his recent support and investment in NewSat has been instrumental to the Company’s recent progress. The Board looks forward to working more closely with Mr Ching, and his skills and experience will contribute greatly to NewSat’s future success.”
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