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China Metallurgy announced on September 4 that the board of directors received the letter of resignation from Jing Tianliang, board chairman of MCC. The announcement said that he resigned because of the expired 3-year term of office. Jing was elected non-executive director and board chairman of China Metallurgy in June 2010.
Jing Tianliang is 68 years old. He is also the board chairman of China Metallurgical Group Corporation (MCC), the parent company of China Metallurgy. It is not clear whether Jing Tianliang will remain the board chairman of MCC.
Jing Tianlaing is the son of Jing Shuping, chairman emeritus of China Minsheng Bank. He was once the vice president of the 9th China People’s Political Consultancy Conference. Before taking over China Metallurgy and MCC, he was a veteran in the field of coal with experiences in the Ministry of Coal, State Administration of Energy and coal-related state-owned enterprises.
On August 30, Jing Tianliang was present in the 2013 Mid-term Performance Press Conference of China Metallurgy. It was the last time he appeared in the public as the board chairman of China Metallurgy. In the meeting he summarized the lessons of the huge loss in 2012. “The acquisitions, mergers and restructurings cost us a lot in these years,” he said. “We are going to learn well from these lessons and be more careful towards the similar cases later.”
In the first half of 2013, China Metallurgy has already turned the loss into profits. Its halfyear financial report shows that the company had the net profits of RMB 1.48 billion from January to June 2013. Last year, it encountered the loss of RMB 186 million.
Jing Tianliang is 68 years old. He is also the board chairman of China Metallurgical Group Corporation (MCC), the parent company of China Metallurgy. It is not clear whether Jing Tianliang will remain the board chairman of MCC.
Jing Tianlaing is the son of Jing Shuping, chairman emeritus of China Minsheng Bank. He was once the vice president of the 9th China People’s Political Consultancy Conference. Before taking over China Metallurgy and MCC, he was a veteran in the field of coal with experiences in the Ministry of Coal, State Administration of Energy and coal-related state-owned enterprises.
On August 30, Jing Tianliang was present in the 2013 Mid-term Performance Press Conference of China Metallurgy. It was the last time he appeared in the public as the board chairman of China Metallurgy. In the meeting he summarized the lessons of the huge loss in 2012. “The acquisitions, mergers and restructurings cost us a lot in these years,” he said. “We are going to learn well from these lessons and be more careful towards the similar cases later.”
In the first half of 2013, China Metallurgy has already turned the loss into profits. Its halfyear financial report shows that the company had the net profits of RMB 1.48 billion from January to June 2013. Last year, it encountered the loss of RMB 186 million.