LeEco has named Sun Hongbin, the chairman of property developer Sunac, to its board and is widely expected to elevate him to chairman, signalling a new chapter in the saga of the troubled Chinese tech company.
He was elected in a closed-door shareholder meeting convened specifically to decide on new leadership for LeEco, according to a transcript of the meeting provided by shareholders, after founder Jia Yueting stepped down as chairman of the listed arm this month shortly after quitting as its director.
Mr Sun is expected to be named LeEco’s chairman at another meeting scheduled for Thursday.
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