Gaodi Holdings Chairman Steps Down

MT Newswires Live07-30

Gaodi Holdings (HKG:1676) Chairman Hu Hongchu resigned, effective Monday, to accommodate his other business commitments, according to a same-day filing with the Hong Kong Stock Exchange.

Chief Executive Officer Li Tingfeng will become chairman in addition to his executive function, the filing said.

The company's shares slipped almost 1% in recent Tuesday trade.

Price (HKD): $1.44, Change: $-0.01, Percent Change: -0.69%

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