Xi'an Typical Industries' Chairman Resigns

MT Newswires Live10-13

Xi'an Typical Industries' (SHA:600302) chairman, Chang Hong, resigned due to work adjustment, according to a Shanghai bourse filing on Saturday.

The Chinese industrial sewing machine manufacturer's shares jumped over 3% at the close of Monday's trade.

Vice Chairman Zhang Pengwu will act as chairman until Chang's successor is named.

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