Soho China's stocks soar after high-level resignation

ISTANBUL

Chinese building firm Soho China's stocks jumped by around 18% after resignations at the top-level administration of the company.

On Wednesday, the firm's chairman of the board, Pan Shiyi, and CEO Zhang Xin resigned.

The firm appointed Xu Jin and Qian Ting as executive director and co-CEO, respectively.

Its stocks rose to 1.6 Hong Kong dollars ($0.17) from 1.36 ($0.2) after the resignations.

The price per share is around 1.51 Hong Kong dollars ($0.19).