Shanghai: Sainty Marine has announced that Wang Shuhua, president of the company, has resigned and left the company.
Wang was appointed as the president by the controlling shareholder of Sainty Marine, Jiangsu Guoxin Investment Group, in September 2014. The board of the company has recommended Zhang Shunfu as the successor to Wang.
In May, Sainty Marine’s general manager Wang Junmin and vice general manger Li Jiu, also left the company.
Sainty Marine is currently in the middle of a financial crisis, and it has been thrown out from the restructuring of Nantong Mingde Heavy Industry due to its own poor financial situation.