China Uptown Group (HKG:2330) appointed Wu Yanhua as its chief executive, effective Thursday, according to a same-day Hong Kong bourse filing.
Shares of the property developer gained over 33% in morning trade Friday.
Wu succeeded Liu Jianhui, who will remain an executive director of the firm, China Uptown said.
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.