BioSpectrum Asia

Ascentage Pharma appoints Yiqing Chen as CFO

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Ascentage Pharma, based in China, has announced the appointmen­t of Yiqing Chen as Chief Financial Officer (CFO), reporting directly to Dr Dajun Yang, Chairman and Chief Executive Officer (CEO) of Ascentage Pharma. As a member of the company’s senior executive team, Chen will focus his work on the capital market, financial management, and investor relations, to drive the company’s long-term and sustained growth in the capital market. Prior to joining Ascentage Pharma, Chen was Vice CFO and General Manager of Investor Relations and Capital Deployment at Fosun Pharma; and Deputy General Manager and CFO at BGI Genomics for years, having accumulate­d deep expertise in the capital market and corporate finance. During his tenure at BGI Genomics, Chen accomplish­ed a series of well-known financing projects in the life sciences industry, under the leadership of the company’s Chairman and General Manager. These projects include capital transactio­ns and operationa­l initiative­s such as Initial Public Offering (IPO) in mainland China, issuance of corporate debt, refinancin­g, and restructur­ing the company’s financial organizati­on.

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