July 13, 2018 / 9:31 AM / 4 months ago

China names Sinochem Chairman Ning as ChemChina chairman

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

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.

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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