They certainly do corporate takeovers a little differently in China.
Shenzhen Airlines said yesterday that Fan Cheng, a senior vice-president from national flag-carrier Air China, had been named Shenzhen Airlines' Communist party secretary – the most powerful position in a Chinese company.
The news comes just days after Shenzhen Airlines revealed its de facto owner, Li Zeyuan, was being investigated for unspecified “economic crimes”.
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