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Posted 19 September, 2022

VERDE RESOURCES, INC. appointed new CEO

CEO Change detected for ticker OTC:VRDR in a 8-K filed on 19 September, 2022.


  Effective October 1, 2022, Balakrishnan B S Muthu will resign his position as President of Verde Resources, Inc. ("Verde" or the "Company") and Jack Wong will be appointed President and CEO of the Company.  

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Overview of VERDE RESOURCES, INC.
Basic Materials/Resources • Gold
Verde Resources, Inc. is an exploration company, which engages in the acquisition, exploration, and development of mining properties. It operates through the following business segment: Gold Mineral Mining, Distribution of THC-Free Cannabinoid (CBD) Products, Production and Distribution of Renewable Commodities, and Holding Property. The company was founded on April 22, 2010 and is headquartered in St. Louis, MO.
Market Cap
$480M
View Company Details
VERDE RESOURCES, INC. by TradingView
Relevant filing section
Item 5.02 DEPARTURE OF DIRECTOR 


Effective October 1, 2022, Balakrishnan B S Muthu will resign his position as President of Verde Resources, Inc. ("Verde" or the "Company") and Jack Wong will be appointed President and CEO of the Company.


Balakrishnan B S Muthu shall remain as Treasurer, Chief Financial Officer, General Manager and Director of Verde and Liang Wai Keen shall remain as Secretary of the Company.


There have been no disagreements between the Company and Mr. Muthu known to an executive officer of the Company on any matter relating to Verde's 'operations, policies or practices. Mr. Muthu was provided a copy of the disclosures made herein no later than the date of filing on this Form 8-K, and has been provided with the opportunity to furnish Verde with a letter addressed to the Company stating whether he agrees or disagrees with the statements made herein. Any letter received by the Company from Mr. Muthu will be filed as an exhibit to this form 8-K by way of amendment within 3 business days of receipt. 


Verde believes that the education, business and operational experience of Mr. Wong give him qualification and skills necessary to serve as officer of the Company. 


Mr. Jack Wong (39)


2004 - 2007

Graduated with BA in Business Administration, Wichita State University 


2009 - 2013

Sub licensee of Fun Characters International Pte.Ltd


2014 - 2020

Managing Director, Scuba Tiger Resort & Tours Sdn Bhd


2020 - Present

Chief Executive Officer, The Wision Project Sdn Bhd


Mr. Wong has been serving as the CEO of The Wision Project Sdn Bhd, a subsidiary which was acquired by the Company in March 2022 is division has been instrumental in the Company's transition to the carbon and CBD realm. Mr. Wong also previously worked with Fun Characters International Pte Ltd, which was then the master licensee for Disney Consumer Products, Inc. in the ASEAN countries of Singapore, Malaysia, Indonesia, and Thailand. The company Mr. Wong represented then was granted third party rights to reproduce and use certain Disney characters, Disney materials, and Disney trademarks in connection with manufacturing, distribution, and sale of Disney consumer products in the region. He then went on to build and run a seaside dive resort - Scuba Tiger, which is located 45 minutes away from one of the worlds best dive spots - Sipadan island, in Sabah, Borneo, where he hosted scuba divers from all over the world, until the pandemic hit Mr. Wong graduated with a bachelor's degree in Business Administration from Wichita State University in 2007.