BUSINESS
By a Sun Staff Writer | April 1, 1995
Cheung Laboratories Inc. says it has received $2 million of a promised $10 million cash infusion from a Chinese investor, providing the Columbia company with capital for the development of new products.The investment by Gao Yu Wan, deputy director of the economic committee of the city of Zhongshan, in southern China, will purchase 4 million shares of Cheung's common stock. Mr. Gao has pledged to buy an additional 16 million shares for $8 million. ++ That purchase is expected to close within 60 days.
SPORTS
By Kent Baker and Kent Baker,Sun Staff Writer | March 14, 1995
EMMITSBURG -- Until a little more than a week ago, Silas Cheung always seemed to be on the outside looking in.In high school in Montgomery County, Cheung's Mount St. Mary's teammates Chris McGuthrie (Springbrook) and Riley Inge (Paint Branch) attracted most of the attention while Cheung played in comparative obscurity at Magruder.At the Mount, it had been more of the same.While McGuthrie was Northeast Conference Newcomer of the Year in 1992, Cheung was redshirted with a pulled hamstring muscle.
SPORTS
By Kent Baker and Kent Baker,SUN STAFF | February 26, 1997
EMMITSBURG -- It was the moment when Silas was golden.Date: March 5, 1995. Site: the Rider College gymnasium, affectionately known as, "the Broncs' Zoo." Situation: Mount St. Mary's down at halftime, 29-16.What followed was what Mount institution Jim Phelan called "one of the most outstanding performances the school has ever had in an important game. It was exciting, kind of once in a lifetime for everybody."A virtually unknown sophomore guard named Silas Cheung came off the bench to score 19 second-half points, propelling the Mount to a 69-62 victory in the Northeast Conference title game and into its first NCAA Division I tournament.
BUSINESS
By Julie Bell and Julie Bell,SUN STAFF | October 10, 2001
Spencer J. Volk has retired as president and chief executive officer of Celsion Corp. and resigned from its board of directors, the company announced yesterday. Volk, 67, was replaced as CEO by Augustine Y. Cheung, 53, founder of the Columbia developer of heat treatments for prostate disease and cancer. Cheung relinquished his position as chairman of the company. Max Link, 60, a Celsion director since 1997 and the former CEO of Sandoz Pharma and Corange Ltd., has taken over as chairman.
BUSINESS
By TRICIA BISHOP and TRICIA BISHOP,SUN REPORTER | January 18, 2006
The founder of Celsion Corp., a Columbia company making heat-activated cancer treatments, has quit and plans to take a subsidiary of the business with him. Augustine Cheung resigned his positions as chief scientific officer and a member of the board of directors, the company announced yesterday. Cheung established Celsion in 1982 as "Cheung Laboratories Inc." before it was renamed in the mid-1990s. Cheung agreed to pay $1.5 million to acquire all outstanding shares of Canadian subsidiary Celsion Ltd., which holds the license to the "Adaptive Phase Array" technology that Celsion has used to focus heat on diseased areas of the body.
NEWS
By TaNoah Morgan and TaNoah Morgan,SUN STAFF | February 20, 1998
Two men forced their way into a house in Linthicum, ransacked it and left the family of five bound by their wrists and ankles in the basement Wednesday, county police said.The account was similar to a home-invasion robbery in November 1996 about a half-mile away. In both cases, Asian men posing as deliverymen forced their way inside the homes of Asian families, bound their victims and stole jewelry and cash. In both cases, the victims saw a white car.Wednesday, a man with a package approached a house on Eagle Drive about 4: 30 p.m., police said.