China Unicom CEO to Lead Merged Company

Word Count: 498 | Companies Featured in This Article: China Unicom, China Netcom Group Corp. (Hong Kong) HONG KONG -- China Unicom Ltd. said Thursday that Chairman and Chief Executive Chang Xiaobing will become chairman and CEO of the newly formed company that will emerge from its merger with China Netcom Group Corp. (Hong Kong) Ltd. China Unicom said it expects the integration of the two companies to be completed within one year of the merger. In June, Mr. Chang said the company expects the merger deal to close by the end of 2008. Wireless carrier China Unicom will merge with fixed-line operator China Netcom as part of the government-directed industry restructuring unveiled in May. The... [read full story]