21 August 2019

COSCO top executive under investigation, filing says

China COSCO Holdings Co. Ltd. (01919.HK, 601919.CN), the country’s largest bulk carrier, said its executive director, Xu Minjie, is under government investigation for unspecified offenses, according to a regulatory filing Thursday. The company said the probe will not have any major impact on its operations. Meanwhile, former chairman Wei Jiafu has been barred from leaving the country, the Hong Kong Economic Journal reported Thursday.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe