China's Weiqiao chairman retires, son takes over - media

Weiqiao Textile Co

08/10/2018 08:37

BEIJING, Oct 8 (Reuters) - The chairman of China's Weiqiao
Pioneering Group, parent company of the world's top aluminium
producer China Hongqiao  1378.HK , has retired and will be
succeeded by his son, the government-backed Beijing News
reported on Monday.
    Zhang Bo, who was chairman and general manager at China
Hongqiao, will take over from the 72-year-old founder of
Weiqiao, Zhang Shiping, according to the newspaper, which cited
unidentified company sources.
    Meanwhile, Zhang Hongxia, daughter of Zhang Shiping, will
become Communist party chief at Weiqiao Pioneering, typically
the second most significant position in Chinese companies. She
was chairwoman of Weiqiao Textile Co  2698.HK .
    Weiqiao Pioneering did not response an emailed request for
comment. Its two listed companies did not file statements to the
Hong Kong stock exchange.
    Based in eastern province Shandong, Weiqiao was the third
largest privately owned company in China by revenue last year,
followed by Huawei Technologies Co  HWT.UL  and Suning Holdings
Group Co. As well as aluminium production, it's involved in
textiles, printing and power generation.

 (Reporting by Muyu Xu and Dominique Patton
Editing by Kenneth Maxwell)
 ((muyu.xu@thomsonreuters.com; +86 010 66271298;))