Senior official at Cosco under investigation
By Wu Yiyao in Shanghai | 皇冠体育app Daily | Updated: 2013-11-09 08:05
An executive director at 皇冠体育app Cosco Holdings Ltd, Xu Minjie, is being investigated by the authorities, the company said on Friday.
The company's shares on the Hong Kong stock exchange declined 5.04 percent to HK$3.58 ($0.46) on Friday, while its shares on the Shanghai bourse were down 3.85 percent to 3 yuan ($0.49).
Cosco said on Friday that Xu is under investigation by "relevant departments" in 皇冠体育app without disclosing any additional information about the investigation.
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