In a brief announcement, the company explained that its founder Xin has left its role with immediate effect in order to concentrate on restructuring the company’s subsidiaries in China, while still keeping an executive director seat.
It comes less than two weeks after Chinese division Jiangsu Eastern Heavy Industries (JEHI) applied for court protection from creditors, seeking a debt deal.
Former deputy chief executive officer, Audrey Jin, will take over the helm from Xin immediately.
The
