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China Huarong Asset Management Co Chairman Lai Xiaomin Resigned

China Huarong confirms chairman departs after probe, shares tumble

SHANGHAI/HONG KONG (Reuters) – China Huarong Asset Management Co () confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation’s biggest bad debt manager on Friday.


Name: Lai Xiaomin

Continent: Asia

Country: China

Company: China Huarong Asset Management Co

Position: Chairman

Reason: Resigned

Announcement Date: April 19, 2018, 10:00pm

Resignation Date: April 19, 2018, 10:00pm

Source 1: https://uk.reuters.com/article/us-china-huarong-probe/china-huarong-confirms-chairman-departs-after-probe-shares-tumble-idUKKBN1HQ3B6


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