A new species of shark that “walks” along the seabed using its fins as tiny legs has been discovered in eastern Indonesia called the bamboo shark

‘Walking’ Shark Discovered in Indonesia

By Agence France-Presse on 6:10 pm August 30, 2013.
A new species of shark that “walks” along the seabed using its fins as tiny legs has been discovered in eastern Indonesia, an environmental group said Friday. The brown and white bamboo shark pushes itself along the ocean floor as it forages for small fish and crustaceans at night, said Conservation International, whose scientists were involved in its discovery. The shark, which grows to a maximum length of just 80 centimeters is harmless to humans, was discovered off Halmahera, one of the Maluku Islands that lie west of New Guinea. Bamboo sharks, also known as longtail carpet sharks, are relatively small compared to their larger cousins, with the largest adult reaching only about 120 centimeters in length. They have unusually long tails that are bigger than the rest of their bodies and are found in tropical waters around Indonesia, Australia and Papua New Guinea. Conservation International said the discovery of the shark, which was first disclosed in the International Journal of Ichthyology, “should help draw diver interest to this mega-diverse but largely undiscovered region.” Ketut Sarjana Putra, Indonesia country director for the group, said the Hemiscyllium halmahera shark could “serve as an excellent ambassador to call public attention to the fact that most sharks are harmless to humans and are worthy of our conservation attention”. Conservation International, whose scientists discovered the shark along with colleagues from the Western Australian Museum, added it came at a time when Indonesia was increasing its efforts to protect shark and ray species.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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