GigaMedia Strengthens Board with New Independent Director
TAIPEI, Nov. 28, 2013
TAIPEI, Nov. 28, 2013 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM)
announced today the addition of Damian Hong to its board as an independent
"Damian is a well-known tax expert and highly respected business leader,"
stated GigaMedia Limited Chairman of the Board Mo-Na Chien. "His strong
skills, judgment and experience leading listed companies will be great assets
to us in growing GigaMedia, particularly in M&A and other strategic
Mr. Hong has more than 37 years experience in taxation and tax law. Damian
began his career with the Inland Revenue Authority of Singapore before joining
KPMG and working with the firm in various capacities, including
post-retirement, for more than two decades. He was also a tax consultant to
the law firm Allen & Gledhill in Singapore for 12 years.
Damian Hong currently serves as an independent director of Chailease Holding
Co Ltd., ASL Marine Holdings Ltd., and Riverstone Holdings Ltd. He also serves
as a director of the charities Shared Services for Charities Limited and
Binjaitree, as well as a non-executive director of Prima Limited. Mr. Hong
lectures on a part-time basis at the Singapore Management University.
Mr. Hong earned a bachelor's degree in social science the University of
Singapore and attended an international tax program at Harvard Law School.
Mr. Hong replaces board director Howe Yong Lee, who has resigned to pursue
other interests. Following the addition of Mr. Hong announced today,
GigaMedia's board is comprised of nine members, a majority of which are
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration
number: 199905474H) is a diversified provider of online games and cloud
computing services. GigaMedia's online games business develops and operates a
suite of games in Taiwan and Hong Kong, with focus on Web-based/mobile games.
The company's cloud computing business is focused on providing SMEs in Greater
China with critical communications services and IT solutions that increase
flexibility, efficiency and competitiveness. More information on GigaMedia can
be obtained from www.gigamedia.com.
The statements included above and elsewhere in this press release that are not
historical in nature are "forward-looking statements" within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. GigaMedia cautions readers that forward-looking statements are based
on the company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those contained in
such forward-looking statements. Information as to certain factors that could
cause actual results to vary can be found in GigaMedia's Annual Report on Form
20-F filed with the United States Securities and Exchange Commission in April
For further information contact:
Brad Miller, Investor Relations Director
SOURCE GigaMedia Limited
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