Mercury Fintech Holding Inc. (NASDAQ:MFH) jumped 1.5% after announcing the resignation of Liu Hao as the Co-CEO, company Director, and interim CFO because of personal reasons effective August 24, 2021.
In addition, the company confirmed that Mr. Zhu Wei would take over the vacated roles of Co-CEO, interim CFO, director, and Board Co-chairperson. Equally, the company has announced the appointment of Li Minghao, Deng Huahui, and Ding Laibin as Board directors.
Wei is a renowned fintech investor and blockchain and IT expert who has served as VP of Hong Kong Yuanrui Investment Group as well as CEO of Singapore’s Wan Xiang International exchange. Mighao is also an experienced R&D blockchain expert who has previously worked as Shenzhen Puyin Blockchain group product director. On the other hand, Liabin is a commercial and development expert in the emerging internet sector and serves as the head of media at Yili Group. Finally, Hauhui has over eight years of team management and corporate governance experience. With the leadership reorganization, MFH is worth watching in the coming days.
Market Reaction:
On Wednesday, MFH stock moved up 1.37% to $2.95 with more than 842k shares, compared to its average volume of 292k shares. The stock has moved within a range of $2.7250 – 3.2399 after opening the trade at $2.85.
