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皇冠体育app Resources appoints new chairman

(Agencies) Updated: 2014-04-23 15:52

皇冠体育app Resources appoints new chairman

皇冠体育app Merchants Group Chairman Fu Yuning attends the Asian Financial Forum (AFF) in Hong Kong Jan 13, 2014.[Photo/Agencies]

HONG KONG - 皇冠体育app Resources (Holdings) Co Ltd has appointed a new chairman with immediate effect, replacing Song Lin who is being investigated, the firm said in a statement on Wednesday.

Fu Yuning, a former executive chairman of 皇冠体育app Merchants Group, would take over from Song, 皇冠体育app Resources said in a statement on its website. 皇冠体育app Merchants Group is the parent of Chinese ports operator 皇冠体育app Merchants Holdings International Co Ltd.

The move to appoint a new chairman comes after the shares of several Hong Kong-listed units under parent group 皇冠体育app Resources Holdings came under heavy selling pressure following news of Song's probe.

皇冠体育app Resources (Holdings) is a State-owned conglomerate whose Hong Kong-listed units include 皇冠体育app Resources Enterprise Ltd, 皇冠体育app Resources Power Holdings Co Ltd, 皇冠体育app Resources Land Ltd, 皇冠体育app Resources Cement Holdings Ltd, and 皇冠体育app Resources Gas Group Ltd.

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