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Caixin Global
Caixin Global
Business
Xiang Kai and Han Wei

Guangzhou Baiyunshan Chairman Steps Down Amid Investigation

Guangzhou
Li Chuyuan

What’s new: Li Chuyuan, chairman of Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. (600332.SH), has resigned from all his duties, the Shanghai-listed arm of state-owned healthcare giant Guangzhou Pharmaceutical Holdings Ltd. said Monday.

The company received Li’s resignation Monday and named vice chairman Yang Jun to temporarily assume Li’s responsibilities until a new chairman is elected by the board, Guangzhou Baiyunshan said in a filing.

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