Stock Track | Hua Hong Semiconductor Plunges 6.24% Amid Management Reshuffle

Stock Track01-02

Hua Hong Semiconductor's stock plummeted 6.24% during intraday trading on Thursday, following a reshuffle in the company's top management.

As per filings with the Hong Kong Stock Exchange, the company has appointed Bai Peng as its new President, effective Wednesday. Peng was previously the CEO of Rong Semiconductor.

Additionally, Suxin Zhang resigned as the Chairman of Hua Hong Semiconductor, with Junjun Tang taking over the role, also effective Wednesday.

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