Shanghai: Delisted subsidiary of Sinotrans & CSC, Nanjing Tanker, held a fiery shareholders meeting yesterday to discuss a number of proposals.
At the meeting, the president of Nanjing Tanker was beset by small shareholders who suspect Zhu Ning might have manipulated the company’s annual financial report. They accused him of corrupt behaviour.
The situation was out of control for a while after Zhu refused to comment on the matters. Enraged shareholders rushed to Zhu and evicted him from the speaker’s chair.
The shareholders also requested the board of Nanjing Tanker to apologize publicly to all shareholders, decrease the salaries of senior management, and establish a supervision committee to oversee the restructure of the company.
The meeting was later suspended and rescheduled to today.
In April, nearly 200 investors of Nanjing Tanker sent a letter to the Central Discipline Inspection Commission (CDIC) and Supreme People’s Procuratorate to report the illegal activities of Zhu and request investigations into the matter. [13/06/14]