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.
