The chairman and founder of China’s mysterious CEFC Group, Ye Jianming, is set to relinquish his shareholding and management role in CEFC Europe, according to an announcement on CEFC’s website.
The announcement follows reports of Mr Ye’s detention, which has left investors, bankers and governments scrambling for information on his whereabouts.
Marcela Hrda, executive vice-president of CEFC Europe, was quoted in the announcement as saying that a “new shareholder” has emerged.
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