China Merchants Bank, April 18th. On the afternoon of the 18th, China Merchants Bank announced that the board of directors reviewed and approved the "Proposal on the Removal of Mr. Tian Huiyu", agreeing to remove Tian Huiyu from the positions of president and director of China Merchants Bank, and other appointments.
The removal of the president will take effect from the date of deliberation and approval by the board of directors.
The board of directors also reviewed and approved that Wang Liang should preside over the work of China Merchants Bank.
Tian Huiyu did not attend the meeting due to personal reasons.
On April 18, China Merchants Bank fell by more than 8% shortly after the opening of the market, and the stock price once fell by the limit in the morning.
China Merchants Bank closed at 43.39 yuan per share, a decrease of 7.35%, and the current market value is about 1.09 trillion yuan, which has evaporated 86.756 billion yuan from the previous trading day.
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