CHK Oil Chairman and CEO Steps Down, Successors Named

MT Newswires Live10-04

CHK Oil (HKG:0632) CEO and Chairman Yu Jiyuan resigned for health reasons on Friday, Oct. 4, according to a same-day filing on the Hong Kong bourse.

Yu Jiyuan, vice chairman of the board, will now assume the chairmanship. Jin Ailong, an executive director, has been appointed CEO of the company.

All changes are effective immediately.

The company's stock was up by almost 19% at Friday's closing.

Price (HKD): $0.45, Change: $+0.070, Percent Change: +18.67%

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