Gree confirms Liang arrest

PUBLISHED : Friday, 20 August, 2004, 12:00am
UPDATED : Friday, 20 August, 2004, 12:00am

Gree Group and Dynamic Global Holdings confirmed yesterday that their director Liang Jianhua had been arrested and was being held by Zhuhai authorities.


Liang is vice-chairman of Gree, a Zhuhai-based appliance maker, and also chairman and chief executive of Hong Kong-listed investment holding company Dynamic Global.


A Gree spokesman said another vice-chairman, Du Jiang, was not under detention. A report in the Nanfang Daily said Ms Du had been questioned by mainland authorities and later released.


Dynamic Global shares were suspended from trading yesterday pending further announcements by the firm.


Gree said it had been notified on Wednesday by Zhuhai authorities that Liang had been detained on suspicion of bribery and unaccountable assets.


A report in Sina.com on Wednesday said the two executives had been detained on August 4.