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GAC GROUP Dismisses Rumors of Personnel Changes as Unfounded
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With regards to recent rumors that Zeng Qinghong is retiring due to age and Feng Xingya will succeed him as the new chairman of GAC GROUP (02238.HK) (601238.SH), and that a senior executive from FAW Group might be transferred to GAC GROUP as general manager, the Shanghai Securities News quoted an insider from GAC GROUP as stating that these online rumors are unfounded. It is understood that the general manager of GAC GROUP is a professional manager who needs to be appointed by the board of directors, but the new board has not yet convened. AAStocks Financial News |
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