China Electric Power and Industrial Equipment Manufacturers Shanghai Electric announced on Tuesday evening that Zheng Jianhua, chairman and CEO of the company, was suspected of serious disciplinary violations and was undergoing disciplinary review and supervision and investigation.At present, the company has made proper arrangements for related work, and the above matters will not have a significant impact on the company's normal production and operation.
According to Reuters, in May this year, Shanghai Electric Announcement stated that 40%of the holding subsidiaries Shanghai Electric Communications Technology receivables are generally overdue. Under extreme circumstances, it may eventually cause 8.3 billion yuan to the company's net profit of 8.3 billion yuan.Losses of RMB (that is, the loss of shareholders 'shareholders and losses of shareholders' loans. The company received a notice from the China Securities Regulatory Commission for investigation in early July.
The Shanghai Municipal Commission for Discipline Inspection was released on Tuesday that Zheng Jianhua, Secretary of the Party Committee of Shanghai Electric (Group) Corporation, Chairman of Shanghai Electric Group Co., Ltd., and chairman of the Shanghai Electric Group Co., Ltd. is suspected of serious disciplinary violations and is currently undergoing disciplinary review and supervision of the Shanghai Discipline Inspection Commission.investigation.
Shanghai Electric A shares closed at 3.91 yuan (RMB, S $ 0.82) on Tuesday, and fell 23.48%in the past three months; H shares closed at HK $ 1.70 (S $ 0.30), a decrease of 35.86%in the past three months.
