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18-04-2018, 02:05 PM
Huarong Asset Chairman Lai Xiaomin Faces Corruption Probe
Bloomberg News
April 18, 2018, 10:33 AM GMT+8 Updated on April 18, 2018, 1:55 PM GMT+8
China Huarong Asset Management Co. Chairman Lai Xiaomin is under investigation for graft, as the government’s anti-corruption campaign spreads deeper into the finance industry.
Shares in the state-controlled asset manager were suspended from trading in Hong Kong Wednesday. The spread on the company’s 2027 dollar bond reached 190 basis points, the widest since its issue in October.
Lai is under investigation for alleged disciplinary and legal violations, the Central Commission for Discipline Inspection said in a statement. That language is typically used by Chinese courts in corruption cases.
More details in https://www.bloomberg.com/news/articles/...tion-probe
Bloomberg News
April 18, 2018, 10:33 AM GMT+8 Updated on April 18, 2018, 1:55 PM GMT+8
China Huarong Asset Management Co. Chairman Lai Xiaomin is under investigation for graft, as the government’s anti-corruption campaign spreads deeper into the finance industry.
Shares in the state-controlled asset manager were suspended from trading in Hong Kong Wednesday. The spread on the company’s 2027 dollar bond reached 190 basis points, the widest since its issue in October.
Lai is under investigation for alleged disciplinary and legal violations, the Central Commission for Discipline Inspection said in a statement. That language is typically used by Chinese courts in corruption cases.
More details in https://www.bloomberg.com/news/articles/...tion-probe
Specuvestor: Asset - Business - Structure.