China Water Industry Says Former Director Charged With Bribery

China Water Industry Group Ltd. (1129), which generates more than half of its revenue from the construction of pipelines, said a former director has been charged by Hong Kong’s law enforcement with bribery.

Chang Kin Man, an independent non-executive director until his resignation on Oct. 10, was charged by the Independent Commission Against Corruption under the city’s prevention of bribery ordinance, according to a statement today to the Hong Kong stock exchange.

The alleged offenses against Chang don’t relate to the company, according to the statement.

To contact the reporter on this story: Simon Lee in Hong Kong at slee936@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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