Dec. 20 message, distribution and IT services provider Digital China (0861.HK) announced yesterday its latest board structure, including the third-largest shareholder, president and CEO, replacing Li Qin Guo Wei, Chairman, including two " Old Legend ", including the resignation of four non-executive directors, four representatives of the new investors took over.
4 on looked
Digital bulletin released last night showed that since December 19, 2007 began, representatives of major shareholders Legend Holdings, the former Chairman of the Board of Digital China Li Qin resigned due to retire and the post of director, while no longer serve as Chairman of the Board; major shareholders The second representative of Legend Holdings, the former chairman of Lenovo, the former director of the Institute of Computing Technology Chinese Academy of Sciences has Maochao also due to retire and has resigned as a Director of; also resigned as a director include the current executives of the China Digital Zhinian .
In addition to this announced the resignation of three directors, the Digital 17, the evening also announced that the original investors cash out now General Atlantic Partner's Managing Director William O. GRABE has resigned from the Digital China's non-executive director. Yesterday evening bulletin with the resignation of three directors, board of directors of this adjustment total of 4 Digital outgoing directors.
In the four new directors, the former largest shareholder, holding 16.23% is the second largest shareholder of Legend Holdings shares reduced by two directors from the Tang Xudong, vice president of reassigning a person as a director; new investment Fang Hongyi Investment send as its Managing Director, Hong-Yu Digital Director; the other two directors from the current 18.35% shareholding of the largest shareholder of SAIF, the Fund's directors in Taipei, and Andrew Yan joined the Digital Board of Directors.
In addition to adding four new non-executive directors, the original two executive directors continue concurrently. Lin, executive vice president of Digital China as Yang Guo Wei's old partner, continues to serve as Executive Director, Vice Chairman, President and CEO, Guo Wei's third-largest shareholder to continue as an executive director and Chairman of the Board.
Digital China's four independent directors Hu Zhaoguang, Wu Jinglian, WZ, and KWAN Ming Heung Peter remains unchanged.
Code fully into the era of God, Guo Wei
As the holdings of Legend Holdings to become the second largest shareholder, the fund investors to become the largest shareholder, the management team on behalf of Guo Wei became the third-largest shareholder, with the announcement of new equity program, replacing Li Qin Guo Wei had served as its Chairman in the industry expected.
This change, there are clear indications in the month before. In mid-November, Digital China held the most important annual events - Science and Technology Innovation Week, and as Chairman of the Board of Li Qin did not attend. In a press meeting held during the conference, Guo Wei also specially convened group's new management team debut, this all indicates that Digital China will have new changes.
With Digital MBO (management buyout) of the complete structure of the company as a whole shares a great deal of change, institutional holdings, cash and the entry of new shareholders, are harbingers of a comprehensive re-election today, the board of directors is expected.
In addition to the management of two executive directors and independent directors, the whole party on behalf of shareholders, all non-executive director of the team change, Guo Wei also the third largest shareholder, chairman, president and CEO of the identity of the absolute core of the company, which means Digital China entered the era and Guo Wei Guo Wei advocated service transformation era.
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