(PR-inside.com) - UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB(TM)), today announced the appointment of Mr. Qingyuan Wan as a new member of the Boards of Directors of UCBH and UCB. Mr. Wan was recommended pursuant to the Investor's Rights and Standstill Agreement dated October 7, 2007, between UCBH and China Minsheng Banking Corp., Ltd. ('Minsheng'), which grants Minsheng the right to recommend one person to be appointed to the Board of Directors of UCBH, after the completion of the Initial Closing of Minsheng's 4.9% investment in UCBH on March 5, 2008. 'Mr. Wan will be ..
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