New Family Coverage – Lee/Leelalertsuphakun family; Lee’s Pharmaceutical, ROY Ceramics

Capital Profile has started the coverage of the Hong Kong-based, Thai-Chinese Lee/Leelalertsuphakun family, which is behind HKEX-listed bio-pharmaceutical business Lee’s Pharmaceutical Holdings, which manufactures and sells medicines in China. Three siblings Alice Lee Siu Fong, Leelalertsuphakun Wanee and Benjamin Li Xiaoyi sit on the board as chairwoman, managing director and CEO of the company, respectively. New Family Coverage – Lee/Leelalertsuphakun family; Lee’s Pharmaceutical, ROY Ceramics

Li Hejun steps down as Hanergy Thin Film Power Group chairman

HKEX-listed solar power company Hanergy Thin Film Power Group announced on 20 May the resignation of three directors, including chairman Li Hejun, to “strengthen corporate governance”. Li remains chairman of parent company Hanergy Holdings Group, according to a clarification issued the following day, which reiterated the board changes were “normal organisational and personnel changes”. Trading Li Hejun steps down as Hanergy Thin Film Power Group chairman

Jack Ma-chaired Alibaba announces investigation into accounting practices

Chinese e-commerce firm Alibaba Group announced on 24 May the US Securities and Exchange Commission (SEC) was investigating the company’s accounting and other practices. According to the filing, the SEC requested that Alibaba voluntarily provide the regulator with documents and information relating to the company’s consolidation policies and practices, including its accounting for Cainiao Network Jack Ma-chaired Alibaba announces investigation into accounting practices

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