中国燃气两高管被管理拘因涉嫌职务侵占(China gas two executives were arrested on suspicion of occupation).docVIP
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中国燃气两高管被管理拘因涉嫌职务侵占(China gas two executives were arrested on suspicion of occupation)
The detention of two executives caused a great disturbance, make a further announcement on the matter China gas yesterday, and said the companys recent cash and cash flow does not appear abnormal situation.
The company said that according to preliminary enquiries, the companys managing director Liu Minghui and CEO Huang Yong was detained by the Shenzhen police in December 18, 2010 because of alleged embezzlement. The company said in a statement, the company did not to the government agencies, Liu Huang made any report or complaint behavior, group records or documents have not been confiscated, at the same time, nor any other matters under investigation therefore members of any government agency or by notice will be investigated. The company also failed to obtain more relevant information directly from Liu and Huang Tingjian.
The company further said that a recent internal assessment of recent cash and capital conditions did not reveal any significant differences in recent cash and capital flows. The net amount of the companys allotment in October last year has not yet been used and is currently on the Hongkong bank account of the company. In addition, the company has hired and appointed an international accounting firm to conduct an independent financial assessment of recent management accounts and bank statements, the companys cash position and the companys major internal monitoring procedures.
China gas has been suspended since December 20, 2010 and will continue until further notice. Before the suspension, the companys share price closed at HK $3.39.
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