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Bank China Construction Bank Indonesia's director appointments approved

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Bank China Construction Bank Indonesia's director appointments approved

PT Bank China Construction Bank Indonesia Tbk said the appointments of three new directors came into effect Jan. 19 after the lender secured the required permits to employ foreign nationals.

The bank said Jan. 23 that the appointments of Li Guo Fu ­as president director, as well as You Wen Nan and Yang Xiao Jun as directors, came into effect after the lender received the relevant permits from Indonesia's Ministry of Manpower and Ministry of Law and Human Rights.

The directors were appointed in October 2016.

China Construction Bank Corp. completed its acquisition of a majority stake in Bank China Construction Bank Indonesia, formerly PT Bank Windu Kentjana International Tbk, in September 2016.