China Merchants Securities (HKG:6099, SHA:600999) appointed Zhu Jiangtao as chairman effective Tuesday, according to a same-day Hong Kong bourse filing.
Hong Kong-listed shares of the financial firm were down 1% in Wednesday's midday trade.
Zhu formally stepped down from his role as president on Tuesday to facilitate the transition.
The company said it will appoint a new president as soon as practicable, with Zhu temporarily maintaining double duties during the vacancy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments