On July 12th, Foresta Group Holdings Limited announced that Managing Director Ramon Dudley Mountfort has officially resigned from the Board. In addition, Russell Wayne Allen has been appointed as a Non-Executive Director, effective today, July 12, 2024.

This board restructuring, coupled with changes to the senior management team, is part of Foresta’s strategic effort to enhance expertise and expedite project timelines.

Henry Cheng, in a recent statement to shareholders, reaffirmed the company’s dedication to a positive trajectory:

“I want to emphasize that the Board and our management team are fully aligned and working collaboratively to establish a strong foundation for Foresta’s future. We are actively formulating a comprehensive plan to advance the Company. Our commitment to you, our shareholders, is unwavering as we strive towards a brighter future.

We will keep you updated on significant developments. Transparency and accountability remain our top priorities, and we are committed to maintaining the highest standards in our business practices. We are enthusiastic about the Company’s prospects under the current Board of Directors.

For any inquiries, please feel free to contact us at [email protected].”