China's Everbright Securities to replace president

Thu Aug 22, 2013 1:55am EDT
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SHANGHAI (Reuters) - China Everbright Securities (601788.SS: Quote), under fire over a trading error that has prompted investigations by authorities, said on Thursday it will replace its current president.

Xu Haoming will be replaced by a temporary president Yuan Changqing, it said in a statement to the Shanghai stock exchange.

It also said trading of its shares would be suspended in the afternoon on Thursday. It did not elaborate.

(Reporting by Shanghai Newsroom; writing by Adam Jourdan; Editing Kazunori Takada)

A department office of Everbright Securities is pictured in Beijing, August 16, 2013. REUTERS/Jason Lee