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CAO probe concentrates on Singapore DERIVATIVES TRADING
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CAO probe concentrates on Singapore DERIVATIVES TRADING
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Newspaper Article
CAO probe concentrates on Singapore DERIVATIVES TRADING
2004
Overview
CAO Holding has yet to comment on Mr [Chen Jiulin]'s allegations. The issue is complicated by the fact that many CAO executives hold positions in both companies -a common practice in Chinese state- owned companies. For example, Mr Chen was also vice-president at the parent company while Gu Yanfei, appointed by the parent to head CAO (Singapore)'s restructuring, is a non-executive director at the subsidiary and head of enterprise planning and development at the parent. * A Singapore investor watchdog is seeking legal advice on a possible lawsuit against CAO (Singapore) over its losses, Bloomberg reported.
Publisher
The Financial Times Limited
Subject
