Aug 24, 2022 04:05 AM

BUSINESS

Former China Resources Land Executive Under Investigation

By Chen Bo and Denise Jia

Tang Yong

Tang Yong

China Resources Land Ltd. former Chairman and CEO Tang Yong is under investigation on suspicion of severe disciplinary and legal violations, the Sichuan branch of China’s discipline inspection body said Tuesday.

Tang, 51, a veteran of China Resources Holdings Co. Ltd., worked at various subsidiaries of the state-owned conglomerate for 29 years. He acted as chairman of the conglomerate’s real estate unit for 10 months before stepping down in December 2019.

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