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Ren Yuanlin returns to Yangzijiang after investigations

Yangzijiang Shipbuilding announced that, Ren Yuanlin, executive chairman of the company, is to return to office and resume his duties with the company.

Yangzijiang Shipbuilding announced that, Ren Yuanlin, executive chairman of the company, is to return to office and resume his duties with the company.

Until 8 August 2019, Ren had continued to have a decision-making role in respect of major matters of the company. Beginning 9 August 2019, Ren had been confirmed on a leave of absence to assist in a confidential investigation carried out by certain Chinese governmental authorities.

The company gave no details on the investigations

Ren Letian, son of Ren Yuanlin, acted as alternate director during his absence.

Yangzijiang Shipbuilding, is one of the largest private shipyards in China. The company focuses on the construction of commercial vessels mainly including container ship, bulk carrier and multi-purpose vessel, owning three shipyards in Jiangsu province.

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