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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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