Duoyuan Global Water Appoints Ping Wei to Board

Duoyuan Global Water Inc., a Chinese supplier of water treatment equipment, said Wednesday it appointed Ping Wei to its board of directors.

Wei, who will chair the board's audit committee, is the chief financial officer of China Distance Education Holdings Ltd.

She replaces Christopher P. Holbert, who resigned from the board Wednesday to become CEO of Asian Financial Inc., an affiliate of Duoyuan.

Duoyuan shares closed down 72 cents, or 2.4 percent, to $29.11.

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