26 September 2018

Xu Minjie resigns as China COSCO director, paper says

China COSCO Holdings Co. Ltd. (01919.HK, 601919.CN) said Xu Minjie has resigned from the board of directors with immediate effect, China Securities Journal reported Saturday. Xu was detained by the Communist Party anti-corruption watchdog on suspicion of corruption, various media reports earlier said. Meanwhile, the company denied reports former chairman Wei Jiafu has been barred from leaving the country.

– Contact HKEJ at [email protected]



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