OM Holdings (ASX: OMH/OMHDA)
HIGH PROFILE BUSINESSMAN TO JOIN OMH BOARD
MR WONG FONG FUI APPOINTED AS A NON EXECUTIVE DIRECTOR
Diversified international commodity trading, metals and mining house, OM Holdings Limited (ASX: OMH/OMHDA ? ?OMH?), has made a key addition to the Company?s Board of Directors, today announcing the appointment of experienced and highly successful businessman, Mr Wong Fong Fui, as an independent Non Executive Director of the Company.
Mr Wong is an eminent and highly respected Singapore based businessman with a strong track record of success in a number of diverse fields including engineering services, commercial aviation, education, food manufacturing and retail, information technology and telecommunications.
He is presently the Chairman and Group Chief Executive Officer of Boustead Singapore Limited (?Boustead?), a highly successful and progressive specialized global engineering services and geo-spatial technology group, which is listed on the Singapore Exchange and presently has a market capitalisation of over A$400 million.
Prior to joining Boustead, Mr Wong was the Group Managing Director of QAF Limited, a food manufacturing and retail company which Mr Wong helped build into a leading regional food empire within Asia. He also played a key role in the start-up and privatisation of Myanmar International Airways and presently holds a joint minority interest in Jetstar Asia.
Mr Wong has a Bachelor of Engineering degree specialising in Chemical Engineering from the University of New South Wales. He commenced his career as a chemical engineer in the oil and gas industries and subsequently cofounded a number of engineering and construction companies.
Chief Executive of the OMH Group, Mr Low Ngee Tong, said he was delighted to welcome Mr Wong to the Company?s Board. ?Mr Wong is an exceptionally high calibre international businessman with a
proven track record of corporate success,? Mr Low said. ?He has experience across a broad range of businesses, and will bring significant skills and expertise to the Board. We are very pleased that he has agreed to accept this role on the Board, and we look forward to his ongoing contribution to the OMH Group?s operations.?
Nicholas Read / Kate Bell
Read Corporate
Telephone: +61-8 9388 1474
On behalf of:
Mr Low Ngee Tong, CEO
Tel: +65 6346 5515
BACKGROUND PROFILE OF OM HOLDINGS LIMITED
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OMH listed on the ASX in March 1998 and has its foundations in metals trading ? incorporating the sourcing and distributionof manganese ore products and subsequently in processing ores into ferro-manganese intermediate products. The OMH Group now operates commercial mining operations ? leading to a fully integrated operation covering Australia, China and Singapore.
Through its wholly owned subsidiary, OM (Manganese) Ltd, OMH controls 100% of the Bootu Creek Manganese Mine (?Bootu Creek?) located 110 km north of Tennant Creek in the Northern Territory.
Bootu Creek has the capacity to produce 600,000 to 650,000 tonnes of manganese product annually. Bootu Creek has further exploration potential given that its tenement holdings extend over 2,872 km2.
Bootu Creek?s manganese product is exclusively marketed by the OMH Group?s own trading division with a proportion of the product consumed by the OMH Group?s wholly-owned Qinzhou smelter located in south west China.
Through its Singapore based commodity trading activities, OMH has established itself as a significant manganese supplier to the Chinese market. Product from Bootu Creek has strengthened OMH?s position in this market. OMH also holds a 11% shareholding in Territory Resources Ltd, a company presently operating the Frances Creek iron ore
project in the Northern Territory.
READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au
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