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Ann: Quarterly Report December 2014, page-8

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hottuna

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02/02/15

12:49

Post #: 14681867
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Also some interesting things going on at Minsheng bank:
Bloomberg:

Shares of China Minsheng Banking Corp. are poised to extend this year’s declines and drag down other lenders after President Mao Xiaofeng resigned after a media report that he is being investigated by Chinese authorities.
Minsheng, the nation’s first privately owned lender, said on Saturday that Mao had stepped down for “personal reasons.” The announcement came after Caixin magazine reported that authorities had taken him to assist with an investigation.

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Financial Times:

The president of China Minsheng Banking Corp has resigned amid domestic media reports that he is under investigation by anti-corruption authorities, making him the most senior bank official to be ensnared in the country’s sweeping anti-graft campaign.
Minsheng’s president and director Mao Xiaofeng submitted his resignation in “recent days,” the bank said in a filing on Saturday.

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and latest bloomie flash:

*MINSHENG BANK DROPS 10% IN HONG KONG AFTER PRESIDENT RESIGNS

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CDU Price at posting: $1.41 Sentiment: Sell Disclosure: Held
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