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FINWIRES

MOG Digitech Chairman Resigns; Co-CEO Assumes CEO Role

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-- MOG Digitech (HKG:1942) announces Deng Zhihua's resignation as its chairman and co-CEO effective Tuesday.

The move allows Mr. Deng to dedicate more time to his other commitments, according to a Tuesday Hong Kong bourse filing.

Shares of the fintech company were up 1% in Wednesday afternoon trading.

Co-CEO Chen Yongzhong was also appointed as the company's CEO, starting on the same day.

The firm is currently in the process of identifying a suitable candidate for the chair position.

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