Aug 03, 2022 03:44 AM

Two More Unigroup Executives Placed Under Investigation

Diao Shijing
Diao Shijing

Two more senior executives of China’s Tsinghua Unigroup Co. Ltd. face investigations as the debt-laden semiconductor conglomerate wraps up a bankruptcy reorganization.

Diao Shijing, former co-president of Unigroup, was taken away by authorities July 16 as part of the investigation of former Chairman Zhao Weiguo, multiple people familiar with the matter told Caixin. Li Luyuan, chairman of Unigroup’s subsidiary Beijing Uni Science and Technology Service Group Co. Ltd., was also placed under probe the same day, sources said.

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