YanGuFang International Group Executives Arrested: Shanghai Police Investigation

2024-01-11 03:43:22

Chinese grain producer YanGuFang International Group said on Wednesday that its chief executive, Junguo He, and chief financial officer, Kui Shi, had been arrested by Shanghai police.

The company has not received any official notification of the investigation against the executives or the reason for their detention, it said in a statement, adding that Ya Zhang and Yang Sui were named general manager and director respectively. interim financier. (Reporting by Chandni Shah in Bengaluru; Editing by Muralikumar Anantharaman)

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