久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Economy

Yurun's cup of woes runneth over

By Zhu Wenqian (China Daily) Updated: 2015-03-31 08:22

Zhu Yicai, the billionaire chairman of Yurun Holding Group Co Ltd, has been placed under residential surveillance by authorities since last Monday, said a notice released by the company on Monday.

The Jiangsu-based company said it received a notice from Zhu's family on the matter on Thursday, and said it did not receive any legal documents from prosecutors and legal authorities. It is likely that Zhu was placed under residential surveillance for the company's real estate projects, said media reports.

Yurun is also possibly under anti-corruption investigation by authorities. The case has become one of the latest incidents of Chinese officials and businessmen being investigated for serious economic offenses.

Zhu and his wife were ranked 26th on Hurun China Rich List in 2014 with their net worth estimated at about $5.3 billion, making Zhu the richest person in Jiangsu province.

The 51-year-old Zhu was born to a poor family in Anhui province. He started his own business in 1989 with just 200 yuan, and his ambition was to build Asia's largest meat processing plant.

China Yurun Food Group Ltd, a diversified enterprise with businesses engaged in several sectors including food production, real estate, commerce, logistics, tourism, finance and construction, was one of China's largest meat-processing companies.

The company was ranked eighth in the top 500 Chinese private manufacturing enterprises of 2014, according to the All-China Federation of Industry and Commerce.

Yurun's Hong Kong-listed share has been suspended from trading since Friday, pending announcement of information pertaining to insider trading.

Yurun's subsidiary, A-share listed company Nanjing Central Emporium, also suspended trading on Friday, but re-opened on Monday, with shares of the company dropping by 4.29 percent. Shares of both companies have been plummeting in the past few days before trading stopped.

In late 2013, Ji Jianye, former mayor of Nanjing, provincial capital of Jiangsu province, was investigated for suspected discipline and law violations. Ji, 56, became acting mayor of Nanjing in 2009 and has served as Nanjing mayor since January 2010. He was accused of being linked to more than 20 million yuan ($3.2 million) worth of corruption cases.

On the other hand, Yurun Group launched a strategic cooperation with American film production company DreamWorks Studios in 2013, aiming to introduce arena shows to the Chinese market. Yurun planned to invest $1 billion on its alliance with DreamWorks to make further inroads into the entertainment and cultural industries.

DreamWorks said the cooperation between Yurun and DreamWorks ended in 2014.

Ben Cavender, principal of the Shanghai-based China Market Research, said: "I don't have any insight into what information is going to be released about wrongdoing at the company, but typically when this happens to a company chairman who has been a driving force behind the company's expansion, as is the case with Yurun, it can mean that the fallout for the company can be quite severe."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久热精品男人的天堂在线视频 | 性欧美f | 精品国产高清a毛片无毒不卡 | 欧美黄视频在线观看 | 日本在线视频观看 | 欧美一级免费 | 草草影院欧美三级日本 | 手机看片国产欧美日韩高清 | 亚洲欧美日韩另类精品一区二区三区 | 不卡国产视频 | 2022久久免费精品国产72精品 | 99视频精品免视3 | 性日韩精品 | 美女视频黄.免费网址 | 黄色成人免费网站 | 亚洲国产视频在线 | a级网站在线观看 | 免费人成观看在线网 | 亚洲精品国产一区二区三区在 | 91九色精品国产免费 | 中文字幕一区二区在线播放 | 欧美级毛片 | 久久精品视频9 | 成年人免费观看的视频 | 国产91在线精品 | 国产精品久久久久久久久久久久久久 | 欧美激情精品久久久久 | 手机看片国产 | 国产日比视频 | 久久国产免费观看 | 末满18以下勿进色禁网站 | 日韩毛片免费线上观看 | 亚洲人成亚洲精品 | 成人免费视频社区 | 欧美大尺度aaa级毛片 | 国产免费高清 | 欧美一级人与动毛片免费播放 | 国产精品免费看久久久 | 国产一线视频在线观看高清 | 色一级片 | 巨乳激情|