Innovax's (HKG:2680) Chairman Chung Chi Man and CEO Poon Siu Kuen, Calvin, resigned effective May 30 due to a change in control of the firm, according to a May 29 Hong Kong bourse filing.
Shares of the financial company were up 4% in Monday afternoon trading.
The firm, on the same day, named Wang Tingfa as its new chair and CEO.
Wang is a controlling shareholder of the company as he owns Billion Shine International Investment, which holds a 75% stake in the firm.
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