China Education Group's Co-Chairmen Retire; Successors Named

MT Newswires Live06-27

Yu Guo and Xie Ketao will retire as China Education Group Holdings' (HKG:0839) co-chairmen and executive directors effective immediately, a Thursday filing on the Hong Kong bourse said.

The move comes about due to their age and their intention to spend more time with their families.

CEO Yu Kai and executive director Wang Rui have been named as the new co-chairmen of the educational services company.

Shares of the company closed nearly 2% lower on Thursday.

Price (HKD): $4.52, Change: $-0.07, Percent Change: -1.53%

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