CFO resigns after throwing out Macquarie analyst

way out

PAX Global Technology’s chief financial officer resigned a week after throwing an analyst out of an earnings briefing.

Bloomberg News reports that Chris Lee, who was also the joint company secretary of PAX Global, resigned due to personal reasons with immediate effect, the company said in a filing to the Hong Kong Stock Exchange on Tuesday.

PAX Global didn’t name any successor to Lee in the statement and declined to comment when reached by phone on Wednesday.

In a video obtained by Bloomberg News, Lee can be seen standing over a seated Macquarie Group analyst Timothy Lam and ordering him to leave the conference room on August 10. Nomura cut its rating on the company, which makes point-of-sale payment systems, in an August 10 report that was titled "CFO conduct disrupts shareholder value."

"No matter what the reasons behind it were, it was unacceptable," Lee said in an emailed statement on Tuesday. "I hope to take this opportunity to rest well, reflect on and improve myself. I also believe this is the best choice for the company."

To access the complete Bloomberg News article hit the link below:

PAX CFO Resigns After Throwing Macquarie Analyst Out of Meeting

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