Beijing-based sports brand China Dongxiang Group has agreed with Chen Co, a company controlled by relatives of company Chairman Chen Yihong and other independent third parties to invest a total of RMB 126.28 million into Dongxiang's newly restructured distribution joint venture Han Bo Jia Ye, reducing Dongxiang's stake in the company to 22.05% from 30%, the company announced on November 23. Under the terms of the agreement, Dongxiang will inject RMB 82.67 million into the JV, the announcement said.
Dongxiang separately announced that it will appoint Sandrine Suzanne Eleonore Agar Zerbib as CEO, replacing Qin Dazhong, who will become company vice chairman. CITATION http://www.chinaleather.org/eng/show.php?itemid=5573
Dongxiang separately announced that it will appoint Sandrine Suzanne Eleonore Agar Zerbib as CEO, replacing Qin Dazhong, who will become company vice chairman. CITATION http://www.chinaleather.org/eng/show.php?itemid=5573
