Chen, former Swire Chinese brother, resigned or served as vice chairman of PCCW

Swire "Chinese one elder brother" outgoing PCCW or can be more capable of the securities Times reporter Zhong, swire A (00019.HK) recently announced that Chen for private reasons to resign the Swire Group and Cathay Pacific (00293.HK) of the relevant positions, effective July 1. Yesterday, it was reported that Chen had been invited to the post of deputy chairman of PCCW (00008.HK), the three listed companies involved in the share prices were up yesterday, the most concerned PCCW rose 1.32% to HK $2.31, Swire Rose 1.74% to HK $93.55, and Cathay Pacific rose 1.02%　　To HK $15.88. Some insiders believe that Chen's resignation estimate has a greater impact on Cathay Pacific, and has limited influence on the Swire Group and Swire (China).　　Nomura analysts also believe that its departure has little impact on Swire. Resignation or for the break-up of the listing of suspicion Chen abruptly resigned Cathay Pacific and Swire positions, causing market participants great surprise. Chen, a 55-year-old, after graduating from the University of Hong Kong in 1977, he joined the Swire Group, starting with the administrative assistant, and steadily upgrading to the present position, 1994 as chief executive officer of Dragonair, chief executive officer of Cathay Pacific in 1998, and the first Chinese to become the chief executive of Guotai Airways in 2004. Name.　　He also moved to the chairmanship of Swire Properties and Swire Beverages in 2007 and continued to serve as a non-executive vice-chairman of the Cathay Pacific Board of Directors. During his tenure, Chen successfully handled a series of crises such as "9.11", avian flu, atypical pneumonia and soaring fuel prices.　　Since then, he led Cathay and Dragonair successfully merged in June 2006, and to establish mutual control relations, strengthen Cathay and Air China (00753.HK) cooperation, promote the long-term development of Cathay. However, after Chen's transfer to did Swire China in recent years, some people in the industry commented on this as "upstairs". Because the Swire Group's operations in the mainland, whether in the real estate, aviation or beverage business, are in charge of the department, Chen the actual decision-making matters.　　It was also found that Chen, who had always had high exposure, had been present at Cathay's shareholders ' meeting, but had not been present since the May 2008 Cathay shareholders ' meeting. As for the timing of resignation, some analysts believe that it happens that Swire property is a spin-off at this time, and Chen is the vice chairman of Swire Properties, and if he resigns shortly after the listing of Swire Properties, he may be embarrassed to question the role of a local Chinese-funded institution in Hong Kong that involves a real estate business.　　In order to avoid affecting the listing scheme of Swire Properties, it would be a responsible performance to resign at this time. If Mr Li is thirsty, Chen has been in the Swire Group for 33 years, earning an annual salary of HK $14.21 million last year. Made, head of the Securities Research Division, said it was difficult to comment on whether Chen had chosen to leave because of the dilution of his job, but after graduating he joined Swire and was at the top of the group,A sudden departure from a private cause is a bit surprising, and if there is a new direction, I believe the development opportunity will be quite attractive.　　Yesterday, it was rumored that Chen had been invited to the post of deputy chairman of PCCW, so that the PCCW was once again arousing concern. The source said that although several consortia had actively invited Chen to be senior, Mr Li, the chairman of PCCW, had already met Chen and invited him to be vice-Chairman to do a good job in the image of PCCW.　　It is understood that after the departure of the former deputy chairman of the PCCW-Jack, the deputy chairman has been vacant, so that the PCCW less the public image and the relationship with the SAR government. It is learned that Richard Li is thirsty, over the years, the Yuen, such as the recognition of the former chief executive of the Hong Kong SEHK, have been invited to join the management of the TRAHK and surplus group, and the Chairman of the TDC and the chairman of the Film Development Council, Jack, as vice chairman and managing director of the Hong Kong Board of Directors　　Avillan, the managing director of PCCW, is also the helm of Richard Li's pry from the Hong Kong Telecommunications Authority. Analysis that, if the electric surplus can recruit Chen joined, is to kill both birds. At present, Chen also holds a number of public offices, such as Ocean Park President, Jockey Club directors, HKTB directors, Disney non-executive directors and so on, the image of cordial, can replace the external image of the PCCW, and the PCCW property company surplus Real Estate chief executive Li Zhikang has been intending to retire, Chen will be able to directly manage surplus real estate business.