CEFC China Energy chairman under probe says report
CEFC, which has agreed to buy a almost $9.1 billion stake in Russian oil major Rosneft, said in a statement on its website late on Thursday that media reports about its chairman, Ye Jianming,"had no basis in fact".
CEFC China Energy executives had initially said the deal would close early this year.
The price of the company's 3 billion yuan, 4.98 percent 2020 bond fell 33 percent on Thursday morning, prompting the Shanghai Stock Exchange to suspend trading for most of the day.
Both companies distanced themselves from Ye in separate stock filings.
Chinese authorities have launched an investigation into the business activities of Ye Jianming, the head of CEFC, according to media reports.
"We have noticed the irresponsible report certain media have regarding Mr. Ye Jianming", the company said in a statement issued today.
The Chinese version of Caixin's story has since been removed from its website, though English-language reports remained accessible as of this afternoon.
194 flu deaths reported across Oklahoma this season
Through the season, state officials have implored residents to get flu shots, holding free and low cost vaccination clinics. Flu deaths in North Carolina this season have exceeded the count for all of last season with about three months left.
Bank of England's Carney steps up attack on cryptocurrencies
If the world of crypto-currencies such as Bitcoin are the Wild West, a new sheriff just swaggered into town. Blockchain technology could be used to make payments more flexible, efficient and reliable.
Gun injuries drop 20% during NRA annual convention, study finds
In other words, when people who use guns simply aren't using them for a week, injuries decline. I'm all for the Second Amendment as far as owning guns for hunting and self-defense.
Beijing has sought to rein in conglomerates whose splashy overseas investments have taken billions out of the country.
The news comes after the Chinese government last week took control of major insurer Anbang Insurance Group Co Ltd and said its chairman was being prosecuted for economic crimes.
CEFC was founded in 2002 as a small oil trader and has grown rapidly through acquisitions. The company's CEO is also one of President Zeman's advisors.
CEFC China Energy did not respond to an AFP request for comment.
United States authorities arrested Hong Kong's former home affairs secretary and the ex-foreign minister of Senegal for leading a multimillion dollar bribery scheme in Africa on behalf of a top Chinese energy company.
CEFC related bonds slumped on the news.
Recommended News
-
02 March 2018During The NRA's National Convention, Gun Injuries Fall Across The US
And researchers have noticed an interesting trend: Each year during that convention, gun injuries drop tremendously. Centers for Disease Control and Prevention from funding research that could be construed as pro-gun control.
02 March 2018Real Madrid´s Marcelo back in training ahead of PSG Champions League clash
Real Madrid's reliance on their talisman Cristiano Ronaldo was more evident than ever on Tuesday as the Spanish and European champions meekly lost 1-0 at Espanyol in La Liga .
02 March 2018Video Games Market Now Worth A Staggering £5.11bn In The UK
A rumor emerged not too long ago that said Blizzard is indeed interested in porting Diablo III to the Nintendo Switch . Diablo 3's 13th season of seasonal hero play just recently kicked off, bringing with it new gear and cosmetics. -
Zpg Plc (LON:ZPG) Insider Acquires £198886.40 in Stock
Qs Investors Ltd Liability Company, a New York-based fund reported 525,180 shares. 435,923 are held by Bnp Paribas Arbitrage. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock.
02 March 2018Michelle Obama Has Some Twitter Tips For Donald Trump
However, Adams believed that while Obamas have the chance to attend the royal wedding, it's unlikely for Trump to receive an invite. "I wouldn't want to ruin that surprise".
02 March 2018'Beast from the East' locks down London
TfL Rail is reported suspended services due to ice and snow and both the DLR and London Overground are also part suspended. The weather has meant several roads across the country have been forced to close due to treacherous driving conditions. -
02 March 2018Seoul 'hopes for constructive talks' between U.S. , N. Korea
She also noted the importance of Pence meeting with South Korean President Moon Jae-in at the beginning of the games. South Korean President Moon Jae-in met with a delegation from the North shortly before the Games' closing ceremony.
02 March 2018Storm Emma: Army rescues drivers stuck in snow
Britain has continued to be battered by Storm Emma in a four-day flurry of snow and high winds this week. Shops, government offices and various other services also shut entirely today or closed early.
02 March 2018Sky and Netflix agree 'pioneering partnership' to combine content from both platforms
In the United Kingdom and Ireland, Sky will launch Netflix as a standalone app on NOW TV's family of streaming devices. He added: " Sky's customers will be able to seamlessly access and enjoy all the best entertainment in one place". -
02 March 2018Monster Beverage (MNST) Price Target Lowered to $67.00 at Morgan Stanley
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation.
02 March 2018Russia could be reinstated to IOC in coming days: Russian IOC member
The IOC's full membership was scheduled to vote later in the day on a final decision. Rodchenkov fled for the USA in 2015 and is living under federal protection.
02 March 2018All Blacks and Harlequins announce innovative tie-up
Former All Blacks Dan Carter and Sean Fitzpatrick were surprised to hear Sonny Williams could be returning to league rugby.
