Market Chatter: Ex-Baoshan Iron & Steel Deputy Manager Under Probe

MT Newswires Live01-28

Chinese authorities are investigating former Baoshan Iron & Steel (SHA:600019) Deputy General Manager Hu Hong, Yicai Global reported Monday, citing an insider.

The reason for the probe on Hu is still unclear, the report said.

Hu resigned for personal reasons, Baosteel said Friday in a filing with the Shanghai Stock Exchange.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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