China’s WH Group discloses allegations made by former director By Reuters
© Reuters. FILE PHOTO: Workers sort cuts of fresh pork in a processing plant of pork producer WH Group in Zhengzhou, Henan province China, November 24, 2017. REUTERS/Dominique Patton
(Reuters) – Chinese pork processing giant WH Group (OTC:) Ltd on Monday disclosed details on allegations made by a former director, which the company previously said were “untrue” and “misleading”.
The company said on Monday some of the allegations were related to transfer of funds from its Shanghai-listed unit Henan Shuanghui Investment & Development Co to offshore markets.
WH Group earlier in August noted media reports citing allegations against the group made by Wan Hongjian, a former executive director who was removed in June.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
