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Hong Kong commodities-exchange head resigns from AIA Board

Posted on 28 May 2013

The chairman of the recently closed Hong Kong Mercantile Exchange and a close ally of Hong Kong leader Leung Chun-ying has resigned as an independent nonexecutive director of AIA Group Ltd., the insurer said Sunday.
AIA said Barry Cheung, who stepped down from all public positions Friday night, resigned “in order to attend to other commitments.” Government officials say he is under police investigation amid a probe on suspected irregularities at the commodities exchange, which was founded in 2008 but has struggled to get off the ground…………………………………..Full Article: Source


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