OFA Group announces board changes with appointment of Erwin Baquiran Pineda
OFA Group (NASDAQ:OFAL) has announced an immediate change to its board of directors, with Won Ping Cheng resigning and Erwin Baquiran Pineda appointed as an independent director. Mr. Pineda, a real estate executive, will serve an initial two-year term and be compensated with cash and restricted ordinary shares. This change occurs while the company's shares are trading significantly lower, down 88% over the past year.