King's Stone (HKG:1943) said Wang Jianfeng resigned as the company's chief executive and chairman of the board, according to a Hong Kong bourse filing Friday.
Shares of the construction services provider rose 1% in morning trade Monday.
Wang will remain on the company's board as an executive director, King's Stone said.
King's Stone appointed He Xin to replace Wang as chief executive and chairman of the board.
He previously worked at the financial assets department in Daye Nonferrous Metals Group, according to King's Stone.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.