Hong Kong-listed SOHO China announced on Wednesday at noon that Pan Shiyi has resigned as the chairman of the board, the chairman of the nomination committee and the chairman of the ESG committee of the board, and Zhang Xin has resigned as CEO of the company. On the same filing, it said that Xu Jin and Qian Ting have been appointed as executive director and co-CEO respectively, while Huang Jingsheng has been appointed as non-executive chairman of the board, the chairman of the nomination committee and the chairman of the ESG committee of the board. Shares of SOHO China soared

Chinese tech behemoth ByteDance, owner of popular short video app TikTok, has acquired Beijing Amcare Medical Management Co Ltd, a high-end hospital group that provides women and children with medical services, in an effort to expand its reach into the healthcare segment. According to the National Enterprise Credit Information Publicity System, as of June 24, Xiaohe Health (Hong Kong) Ltd, a newly-added shareholder of Amcare, held 69.5 percent of shares, while the existing shareholder Xiaohe Health Technology (Beijing) Ltd held the other 30.5 percent of the shares. These two companies are affiliated with the Beijing-based tech giant ByteDance and the deal has

Trading in the shares of Hong Kong-listed China Huarong Asset Management Co, a manager of distressed assets, resumed on Wednesday after a nine-month suspension due to delay in publishing its earnings report, which was followed by a State-backed bailout. Its shares closed at HK$0.51 (6.5 cents), down 50 percent from the previous close on March 31. Wang Wenjie, executive director and vice-president of Huarong AMC, said at a news conference on Wednesday: "Through the introduction of strategic investors and more capital, Huarong will effectively replenish core tier 1 capital, enhance its capital regulatory indicators and shareholder structure, largely improve its