(EnergyAsia, September 8 2011, Thursday) — China’s Puda Coal said its internal investigations have found that chairman Ming Zhao may have illegally transferred ownership of two of its subsidiaries to himself and a state-owned company without the approval of shareholders.The company launched the investigations following an April 8 article by a short-selling trader that in…
CHINA: Puda Coal says audit committee confirms alleged illegal transactions by chairman
Posted on September 8, 2011 by EnergyAsia