Mainzeal adviser Murray Horn replaces Shipley at China bank

National Health Board chairman and former Treasury Secretary Murray Horn is replacing Dame Jenny Shipley as a director of China Construction Bank.

Dame Jenny is to retire by rotation following a six-year stint.

Both she and Dr Horn have strong ties to Richard Yan, the prominent shareholder of the Richina group of companies and the limited partnership that owned Mainzeal Property & Construction before its receivership in February.

Mainzeal’s failure is attributed to its main shareholder no longer being prepared to continue financial support.

 

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