East West Resources chairman resigns after sale of subsidiary

East West Resources (EWR) has completed the sale of its subsidiary Ambrian Asset Management (AAM), the physical metals and energy trader announced Friday.

Chairman Nathan Steinberg has left the company following the sale of the whole of the issued share capital of AAM. He has stepped down from the boards of the company effective immediately.

Peter Curry has also resigned as a Director of the Company with immediate effect after Sun Hung Kai & Co Limited disposed of its entire shareholding in the company.

Charles Crick, Non-Executive Director of the company, will take over Steinberg's place.

"Nathan Steinberg has been associated with the company for many years and has been a much valued adviser," Crick said.

"The board is very grateful for the considerable contribution which he has made to the company during this time. The board also thanks Peter Curry for his contribution to the company whilst a director."

RD