July 13, 2018 / 9:31 AM / in 5 days

China names Sinochem Chairman Ning as ChemChina chairman

BEIJING (Reuters) - China’s state assets regulator on Friday named Ning Gaoning, chairman of state-owned Sinochem Group, as chairman of ChemChina, while ChemChina’s chairman Ren Jianxin retires.

FILE PHOTO: The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, China February 3, 2017. REUTERS/Thomas Peter/File Photo

Reuters reported early this month, citing financial publication Caixin, that Sinochem Group and ChemChina will merge to create a new company, and that Gaoning would become the chairman of ChemChina.

Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger

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