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Energy Insider: Chairman of China First Heavy Industries Arrested for Bribery

China CNPC GAC Beijing

Chairman of China First Heavy Industries arrested for bribery

Lu Wenjun, chairman of China First Heavy Industries Co. Ltd. (601106.SH), has been arrested on suspicion of bribery, the state-owned equipment manufacturer announced Tuesday. Lu was previously placed under investigation for “serious violations of discipline and law.” He is the company’s legal representative. The company said its production and operations remain normal, with director Zhang Wenping serving as acting chairman and legal representative in the interim.

China’s ‘new three’ product exports rise in October

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