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CEFC China Chairman Steps Down, Czech Presidential Office Says

Caption: A Czech delegation learned about the investigation of Ye Jianming from Chinese officials and CEFC China representatives during the delegation’s visit to Shanghai last week. Photo: Caixin
Caption: A Czech delegation learned about the investigation of Ye Jianming from Chinese officials and CEFC China representatives during the delegation’s visit to Shanghai last week. Photo: Caixin

* Founder Ye Jianming is stepping down from management and shareholding roles

* CEFC China has withdrawn its request to the Czech central bank to further raise its stake in J&T Finance Group to 50%

The founder and chairman of CEFC China Energy, China’s largest private energy conglomerate, is under investigation and stepping down from his management and shareholding roles in the company, the Czech Republic’s president’s office said.

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