2015-05-22

Shaanxi's Richest Man Involved In Corruption Investigation

Ginwa Enterprise Group's chairman is assisting investigation
EO: 涉反腐行动 陕西首富吴一坚被协助调查
Global Times: Shaanxi tycoon with links to Ling’s family in probe
Another senior executive of a Chinese-listed company was drawn into a graft investigation as Shaanxi-based Ginwa Enterprise (Group) Inc, a pharmaceutical company, announced on Monday that its chairman Wu Yijian is "assisting an investigation" at the request of the authorities.

The board of directors of the company, listed on the Shanghai Stock Exchange, stated that trading in its shares would be suspended on Tuesday. It announced Wednesday the resumption of trading starting from Thursday, claiming that the probe did not involve the company.
Shares fell 10% in Hong Kong trading yesterday.

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