Range Resources has appointed a new Chairman, Mr Zhiwei or ‘Kerry’ Gu steps up from being a non-exec to take over. A partner of Dentons, a leading international law firm, will give Range more credence as they continue the process of re-aligning with shareholders and the market.
Since many were unhappy with Chen's past business relationships with Landau a change of Chairman is not a bad thing.
I would hope that Oma is delighted with the return of Lui as CEO since this is a positive move.
It would appear that the lack of planning re this move is down to Chen and not the company. It doesn't surprise me since Chen is a bit of a troubleshooter and probably considers this role is now redundant.
Well two major RNS this morning from ASX, The departure of David Chen as CEO, due to other business interests (he is staying on as a Non-exec though, to be replaced by the former CEO Yan Liu and a trading halt until Friday pending an announcement, could be a merger or acquisition on the cards possibly?
Inclined to disagree Celtic. Look at all the previous trades prior to that one. I doubt someone would have been able to buy at 0.48 when the price to buy most of the day had been much higher for much less.
TBH though 1 trade barely matters in the scheme of things. Need increased volume and movement and not to waste time with one trade. I could sell my holding for around £10k, would everyone be getting their knickers in a twist over that... i would hope not as I am not a big player...
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.