Shi Janson Bing steps down as China New Town Development co-CEO and executive director

His cessation followed the re-constitution of the composition of the board of directors of the Company with effect immediately after the completion of the subscription of shares in the company by China Development Bank International Holdings.

China New Town Development announced the resignation of Shi Janson Bing as co-chief executive officer and executive director.

Mr Shi, 30, was responsible for project developments, management of human resources and overseeing all commercial operations, according to a China New Town Development report.

He was appointed to the post 30 November 2010.

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