Benzinga | Apr 15, 2021 07:04AM EDT

Tencent Music Entertainment Names New Chairman, CEO

* Chinese online music entertainment platform Tencent Music Entertainment Group (NYSE: TME) appointed CEO Cussion Kar Shun Pang as the board Chairman.

* Tencent Holdings Ltd (OTC: TCEHY) VP Zhu Liang (or Ross Liang) became the new CEO and director. James Gordon Mitchell became the Chairman of the Compensation Committee. The appointments were effective from today.

* Tong Tao Sang resigned as the Chairman of the board, Compensation Committee, and director.

* Price action: TME shares traded higher by 1.49% at $18.42 in the premarket session on the last check Thursday.