Economics
China Aircraft CEO Resigns During Vacation, Can’t Be Reached
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China Aircraft Leasing Group Holdings Ltd., Asia’s only listed lessor, said Chief Executive Officer Poon Ho Man resigned during his vacation and the company has since been unable to contact him. The stock plunged a record 19 percent.
Poon went on annual leave from May 18 to June 26 and on June 17, the company received his letter saying he would resign with immediate effect, the aircraft lessor said in a statement to the Hong Kong stock exchange Friday. The board has since tried to contact Poon and hasn’t been successful, it said.