In a statement filed withsecurities regulators in Hong Kong, CSCL said the seat will pass to ZhangGuofa, one of the company’s executive directors.
The operator told investorsthat Li’s replacement will also serve as chairman of the board’s investmentstrategy committee as of 2 December 2013.
Zhang made headlines latelast month when he succeeded Xu Lirong as the general manager of CSCL affiliateChina Shipping Group.
Today,