Vice-president of Shenhua Group investigated by authorities

Vice-president of Shenhua Group investigated by authorities

Shanghai: Shenzhen and Hong Kong listed Shenhua Group, China’s largest coal trader, has announced that Hao Gui, a senior vice-president of the group, has been arrested by authorities.

Hao joined Shenhua Group in 1996 and became a senior vice-president of the group in 2011. He also served as president of two subsidiaries of the group.

The central government’s anti-corruption inspection team started investigations at Shenhua Group in November 2014. So far, four senior officials of the group are under investigations by authorities.

Shenhua Group operates a number of coal terminals at some major domestic ports, and has a bulk shipping fleet with total capacity of 2.5m dwt.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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