23 July 2019

COFCO unit official punished on gift-giving, SASAC says

A general manager at a COFCO Corp. subsidiary was punished for violating rules on gift-giving, the State-owned Assets Supervision and Admission Commission (SASAC) of the State Council said in a notice on its website Friday. Jiang Guolin, general manager of the unit, also got a “severe warning” from the SASAC discipline inspection commission after he was found to have arranged to give 113 presents worth a combined 53,788 yuan (US$8,836.23) to employees at the parent company before the Mid-Autumn Festival in violation of gift-giving guidelines, the notice said. It was not clear what exactly was the punishment. The commission also urged other central government-administrated companies to learn from the case, it added.

– Contact HKEJ [email protected]





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