Bloomberg News

China Dongxiang Declines to Two-Week Low After CEO Replacement

October 20, 2011

Oct. 21 (Bloomberg) -- China Dongxiang Group Co. fell 9.2 percent to HK$1.29, the lowest level in two weeks, as of 9:33 a.m. in Hong Kong trading.

China Dongxiang appointed Chen Yihong, founder and chairman of the company, as the new chief executive officer to replace Sandrine Zerbib, according to a statement to the city’s stock exchange yesterday.

To contact the editor responsible for this story: Marco Lui at mlui11@bloomberg.net


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