Frequent Changes In Source Executives In ST
In November 4th, ST source (600645.SH) the announcement stated that Yin Weiguo, director general manager, applied to the company for resignation from the board of directors and general manager for personal reasons. His resignation came into effect on the day of service. Yin Weiguo does not hold other positions in the company. General manager position Wang Yong, acting chairman of the company.
2009 to date, ST source
Executive turnover
Exceptionally frequent.
In October 30, 2009, ST yuan yuan once reported to He Ping, the Tianjin economic investigation team, that he was the representative of the original legal representative of ST, the chairman of the central legal representative, the chairman and chief executive officer of the Concord company, Ye Xin, vice president and chief financial officer of the Confederation company, Gao Depeng (former director of ST yuan yuan, the former Confederation company secretaries and Legal Manager) and Chai Xinyu (former vice president of the Confederation). 4 people were subsequently monitored by the Tianjin Municipal Public Security Bureau.
In November 18th of the same year, he was arrested by the first branch of Tianjin people's Procuratorate.
The case was repeatedly postponed at the stage of procuratorial examination and prosecution. The reason was "unclear facts and insufficient evidence".
Subsequently, ST's new executive team took office and most of its executives came from the Tianjin Yong Tai Hung Hom group.
Wang Yong, chairman and director of ST, was formerly the general manager of Yongtai real estate development company of Tianjin Development Zone; vice chairman and director Han Yuee, former chief financial officer of China silver Hong Industrial Corporation; currently the chairman of Tianjin Development Zone De Yuan Investment Development Co., Ltd.; general manager and director Yin Weiguo worked in China silver Hong Industrial Development Company and Tianjin development area De Yuan Investment Development Co., Ltd.; Director Cao Haifeng has been the chief financial officer and vice president of Yongtai real estate development company of Tianjin development zone.
According to media reports, Li Defu, chairman of Tianjin Yong Tai Hung Hom group, was chairman of ST Wang Chun Hua (from the June 2002 to December). He was jointly investigated and detained for half a year after misappropriating more than 9000 yuan from the listed companies and Concorde companies to invest in real estate, chairman of ST.
In the same year, Li Defu was punished by the SFC and was ordered not to hold any post of a listed company.
In November 3rd, ST's stock price closed at 9.62, or 5.02%.
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