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China Gaoxian chairman resigns due to work commitments

CHINA Gaoxian Fibre Fabric Holdings non-executive and non-independent chairman Low Chai Chong resigned with effect from Friday "due to heavy work commitments", the company announced on Friday after the market closed.

Mr Low, who was appointed in September 2013, is also on the boards of Rodyk Services, Rody & Davidson IPO Services Sdn Bhd, Moya Holdings Asia, Pollux Properties and Fleur Growth Fund.

Replacing Mr Low is 51-year-old Xie Ruliang, a China resident who is currently venture partner of one SAIF Partners, said China Gaoxian, a maker of polyester yarn.