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Article: Xinhua Finance Board Announcement.
- Article from:
- PR Newswire
- Article date:
- May 18, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHANGHAI, May 18 /PRNewswire-FirstCall/ -- The Boards of Directors of Xinhua Finance Ltd. (OTC ADRs: XHFNY) and Xinhua Finance Media , announced today that Mr. Shelly Singhal has resigned from the Boards of both companies, as well as from all executive and managerial positions. His departure is immediate.
"Mr. Singhal provided important assistance throughout the development of Xinhua Finance Ltd. and Xinhua Finance Media," commented Chairman and CEO Fredy Bush, "He remains a strong supporter of both companies, and he has our thanks for his tireless efforts in contributing to our successes to date."
"It is a difficult decision to leave these two ...