Breaking News

Tweet TWEET

Zhongshan Public Says Former Chairman, Former General Manager Are Arrested

Zhongshan Public Utilities Group Co. said its former chairman Tan Qingzhong and former general manager Zheng Xuling were arrested on accusations of unauthorized release of information, according to a statement to Shenzhen’s stock exchange.

Former general manager Zheng has also been accused of insider trading, according to the statement.

The company had earlier announced the resignation of Tan and Zheng on July 7.

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.