Chinese sportswear firm appoints new CFO

14/12/2010
Sportswear manufacturer China Dongxiang has appointed Terence Hon as its new chief financial officer.

Mr Hon has joined the sports brand from the construction materials industry and spent more than seven years before that at KPMG.

Chief executive, Dennis Qin, said he was confident the new chief financial officer would be able to strengthen the company’s financial management to support its global perspective and a business expansion plan.

The brand, which owns the rights to the Kappa sportswear in Chin and Japan, said earlier this year that it expected sales to rise by 20% during the second half of 2010.