Skip to main content

Market Overview

China Telecom Announces Resignation Of CEO, Notes 'No Other Matter' Should Be Brought To The Attention Of Shareholders


Shares of China Telecom Corporation Limited (ADR) (NYSE: CHA) were trading lower by 0.57 percent Wednesday morning after the company announced the resignation of its CEO, executive director, and chairman Chang Xiaobing.

Xiaobing has been the subject of an investigation by China's Central Commission for Discipline Inspection, according to the BBC.

China Telecom's board of directors said that Xiaobing "resigned from his positions" as of December 30. The executive also "confirmed that he has no disagreement with the Board."

China Telecom's board also stated "there is no other matter in relation to his resignation that should be brought to the attention of the shareholders of the Company."


Related Articles (CHA)

View Comments and Join the Discussion!

Posted-In: Chang Xiaobing China Anti Corruption China TelecomNews Management

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at