Anhui Expressway Co. Ltd. (00995.HK, 600012.CN) said on Monday that its executive director Li Jiezhi is under investigation by a regulatory body for unspecified reasons. It said the investigation will not have any material adverse impact on the group’s operations. The board will assess the impact of the investigation and make timely announcements to shareholders, it said in a stock exchange filing. Li, who is 50 years old, held various positions at the Anhui provincial audit department, according to a China Securities Journal report Tuesday.
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