bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

sponsorType

authorLocations

authors

paywallTypes

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

factSheets

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

copyrighted

customTimezone

liveContents

Sandy Li

Shares in Sunevision Holdings rose slightly yesterday despite the announcement of Herbert Hui Ho-ming's resignation as managing director.

Mr Hui, appointed in January, will return to Sun Hung Kai Properties (SHKP), Sunevision's parent. The stock ended at HK$4.025, up 2.5 HK cents from the previous day.

The Growth Enterprise Market-listed company, the technology infrastructure and e-business flagship of SHKP, said Mr Hui's replacement, Sheridan Yen, had more than 16 years of management experience in the technology industry.

Sunevision chairman and chief executive officer, Raymond Kwok Ping-luen, said: 'Herbert successfully helped Sunevision list on the GEM board and contributed to building the company from its start up.'

Mr Hui would take up a new position in direct investment in SHKP, with effect from November 14, Mr Kwok said.

Analysts said the move was neutral as Mr Hui's strength was in corporate financing rather than technology development.

The move was expected as Sunevision had already indicated it had no plan to spin off its subsidiary iAdvantage on the GEM, because of the downturn in the technology sector.

Mr Hui's departure will have little impact on the operations of Sunevision.

He was away on a business trip and unavailable for comment yesterday.

But he is reported to have said his departure should be seen in the light of Sunevision having entered a stage in which it should be headed by a veteran information-technology expert.

'It is the right time to leave, and Mr Yen is the suitable candidate to take up the replacement,' he said.

Mr Hui had been involved in Sunevision raising HK$3.6 billion through flotation on the GEM in March, during the technology boom.

Mr Yen joined Sunevision in June as director of business development and an executive director.

Before joining Sunevision, he was chief operating officer of Sparkice.com, one of the major business-to-business e-commerce models developed in China.

From 1984 to last year, Mr Yen assumed management responsibilities with a number of technology companies.

They included managing director roles for Aspen Technology Asia and Mentor Graphics Corporation.

He also established Applied Material's Beijing Office in 1985.

Mr Yen holds a bachelor's degree in chemical engineering from the University of California in Berkeley.

Analysts said the reshuffle was right, given the management should be flexible to meet the company's needs at different stages.

In July, Tom.com chief executive Carl Chang also resigned and returned to Hutchison Whampoa.



Sunevision unruffled by reshuffle