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China Resources Power Chairman Wang Resigns; Song Replaces Him

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April 29 (Bloomberg) -- China Resources Power Holdings Co., the Hong Kong-listed mainland electricity producer, said Wang Shuai Ting resigned as chairman today.

Wang, who was also executive director, left in “pursuit of a new position in another state-owned enterprise,” the company said in a filing to the Hong Kong stock exchange. He is replaced by 47-year-old Song Lin, according to the statement.

“Wang Shuai Ting has confirmed that he has no disagreement with the board,” according to the statement. “There are no other matters that need to be brought to the attention of the shareholders of the company in relation to his resignation.”

Song was executive director of China Resources from September 2001 and became chairman in August 2003, before resigning from both posts in July, according to the statement. He joined the company in 1985.

To contact the reporter on this story: Baizhen Chua in Beijing at bchua14@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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