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2011 October 21   11:34

Cosco Shipping Chairman Xu Lirong resigns to take new post

Cosco Shipping Co.’s Chairman Xu Lirong resigned today to take up a new position, the company said in a statement to the Shanghai stock exchange, without giving details of Xu’s new job, Bloomberg reports. Deputy Chairman Liu Shutian will become acting chairman and the company will find a replacement as soon as possible, according to the statement.

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