Feb 12, 2019 08:20 PM

Indebted Chinese Investment Firm Turns to Thai Conglomerate for New Co-Chairman

Yang Xiaoping.Photo: CMIG
Yang Xiaoping.Photo: CMIG

One of China’s largest private investment groups has chosen a vice chair of a deep-pocketed Thai conglomerate as its co-chairman, as the cash-strapped company has been on the hunt for new shareholders.

China Minsheng Investment Group Corp. Ltd. (CMIG) appointed Yang Xiaoping, a vice chairman of Bangkok-based Charoen Pokphand Group Co. Ltd., as its co-chairman on Monday, according to a statement (link in Chinese) posted to social media app WeChat.

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