Shanghai Jahwa replaces boss again

A leading company with famous consumer brands, Shanghai Jahwa United Co Ltd said it had replaced its top leader for the second time in only three years.

The company announced late Friday night that Xie Wenjian, the company's chairman and chief executive officer since 2013, had resigned from all his positions "due to personal reasons". Liu Dong, currently vice president of Ping An Trust Co Ltd, will become Jahwa's new chairman. Zhang Dongfang, formerly CEO of Vinda International Holdings Ltd, has been appointed as the new CEO.

Jahwa's share price fell 0.84 percent to close at 28.33 yuan ($4.1) on Monday.