TAIPEI, Nov. 28, 2013 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM) announced today the addition of Damian Hong to its board as an independent
director.
"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 transactions."
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 independent.
About GigaMedia
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 2013.
For further information contact:
Brad Miller, Investor Relations Director
+886-2-2656-8016
Brad.Miller@GigaMedia.com
SOURCE GigaMedia Limited