Oct 01, 2022 04:23 AM

BUSINESS

Exclusive: Ex-Shandong Hi-Speed Exec Drops Out of Contact

By Wang Xiaoqing, Wang Duan, Yu Ning and Han Wei

Wholly owned by the provincial government, Shandong Hi-Speed is a conglomerate with 499 subsidiaries

Wholly owned by the provincial government, Shandong Hi-Speed is a conglomerate with 499 subsidiaries

Another former senior executive of Shandong Hi-Speed Group dropped out of contact, stirring speculation that the sprawling state-owned conglomerate faces an expanded investigation of controversial investments under the leadership of fallen former Chairman Sun Liang.

Wang Huabing, executive vice general manager of Shandong Hi-Speed between 2017 and 2018, has been unreachable and is most likely under investigation, according to two separate sources close to the matter. Caixin calls to Wang went unanswered.

Wang Huabing　

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