December 12, 2018

Duoyuan Global Water

Your Chinese Company CFO Resignation Du Jour: Duoyuan Global Water Inc.

It could be that Stephen Park really is pursuing another professional opportunity but most people (and by that I mean investors) don’t believe that story.

Duoyuan Global Water Inc. (DGW) said Chief Financial Officer Stephen C. Park would resign from the China-based water treatment equipment supplier to pursue another professional opportunity. Park will remain with the company until the completion of a third party review or until June 30, whichever is earlier. Duoyuan said it is in the process of selecting an international search firm to assist in appointing a successor. The company’s American depositary shares slid 7.3% to $3.70 in after-hours trading.

Duoyuan Global Water CFO To Resign [Dow Jones]