YANGZIJIANG Shipbuilding's executive chairman Ren Yuanlin has reportedly returned after being on leave for more than four months to assist in a confidential probe in Beijing.
When contacted bys , Yangzijiang – China's largest non-state-owned shipbuilder and the world's fifth-largest based on its outstanding order book size of US$3.2 billion – declined to comment. In August, Mr Ren was granted a leave of absence to expedite an investigation by Chinese government authorities.
This came two weeks after global shipping news service TradeWinds reported that Liu Jianguo, described as a"veteran political patron of the shipbuilding industry" and closely linked to Yangzijiang, was being probed for disciplinary violations by Beijing's anti-graft body. Mr Liu was arrested on Dec 20, reported Caixin Global.BT had reported on Nov 18 that Mr Ren is expected to return"before too long", according to his son and Yangzijiang chief executive Ren Letian.
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Source: The Straits Times - 🏆 8. / 63 Read more »