Property News · November 21, 2016

China Overseas Land reassures investors after CEO’s sudden resignation


China Overseas Land and Investment (COLI) sought to reassure investors following the surprise resignation last week of its chairman and chief executive Hao Jianmin, which sent the company’s share price tumbling.
Former senior vice president Xiao Xiao, who was elected chairman and appointed chief executive officer in Hao Jianmin’s place, told reporters on Monday that the company’s operations are running normally.
When asked about drop in COLI’s shares since Hao’s…

Source : South China Morning Post
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