Caixin
Sep 21, 2022 07:45 PM
TECH

Chipmaker Sanan Denies Another Executive Detained as Crackdown Deepens

The Shanghai-listed shares of Sanan lost almost one-fifth of their value since it was revealed that one of its executives had been detained late last week. Photo: VCG
The Shanghai-listed shares of Sanan lost almost one-fifth of their value since it was revealed that one of its executives had been detained late last week. Photo: VCG

Chinese LED-chip manufacturer Sanan Optoelectronics Co. Ltd. (600703.SH) has denied reports that another of its executives has been detained, days after the nation’s top graft watchdog announced a probe into one of its directors.

In an exchange filing on Tuesday, Sanan acknowledged that Ren Kai was under investigation but said online reports that a different executive had been detained at their office earlier that day were false.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar
00:00
00:00/00:00