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  1. Business - Comment - MONEY MATTERS

    Silence over China Resources Power scandal shows directors in bad light

    Posted Jun 28th 2014, 01:04am by Shirley Yam

    ... in bad light What have the independent directors of China Resources Power Holdings been doing these days? In July last year, a journalist from the mainland's state media alleged Song Lin, the chairman of parent company China Resources Group, had been bribed to get the power producer to overpay for a coal mine. The company denied it had overpaid for the mine but conceded ...

    http://www.scmp.com/business/article/1542055/silence-over-china-resources-power-scandal-shows-directors-bad-light
  2. Business - Companies - GOVERNANCE

    Fresh lawsuit against China Resources Power looms

    Posted May 05th 2014, 05:38am by Eric Ng

    ... against CRP looms Minority shareholders of China Resources Power Holdings (CRP) plan a fresh lawsuit against the firm's directors if they can raise sufficient funds, sources close to the case ... known as China Resources Taiyuan, was formed in mid-2010 for the acquisition. It also agreed to assume 1.37 billion yuan of debt owed by companies owning the assets, according to court ...

    http://www.scmp.com/business/companies/article/1504442/fresh-lawsuit-against-china-resources-power-looms
  3. News - China - CORRUPTION

    Sacked Shanxi mayor linked to China Resources Power mine acquisitions

    Posted Apr 28th 2014, 05:02am by Staff Reporters

    ... remained listed on China Resources Power's website as a top executive of its coal business. But his superior, China Resources' disgraced chairman Song Lin, and a few of the group's top executives, have been probed by the authorities over the past two weeks over graft allegations. Yan, as legal representative of a joint venture led by China Resources Power's coal ...

    http://www.scmp.com/news/china/article/1498671/sacked-shanxi-mayor-linked-china-resources-power-mine-acquisitions
  4. Business - China Business - MINING

    China Resources ignores calls from activist over mine 'irregularities'

    Posted Jul 05th 2014, 01:51am by Eric Ng

    ... Yuning to cancel its power unit's three coal investment deals, which Li said were full of irregularities. Speaking to reporters outside China Resources' headquarters in Wan Chai, Li, a former Shanxi Evening News journalist, urged Fu, who is not a director of China Resources Power Holdings, to use his influence to cancel the coal investments worth more than 30 billion yuan ...

    http://www.scmp.com/business/china-business/article/1547027/china-resources-ignores-calls-activist-over-mine
  5. Business - Commodities - ENERGY

    CRP 'has no plans' to play Hong Kong's power game

    Posted Mar 18th 2014, 01:11am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com CRP 'has no plans' to play HK's power game China Resources Power played down a recent call by two of its senior executives for Hong Kong to "nationalise" local power supply assets after it posted a 47 per cent profit rise for last year. President Wang Yujun said the opinion expressed by Li Jinying, deputy general manager of its new energy ...

    http://www.scmp.com/business/commodities/article/1451160/crp-has-no-plans-play-hong-kongs-power-game
  6. Business - Companies - COURTS

    Shareholders drop suit against China Resources Power directors but may launch a wider one

    Posted Jan 07th 2014, 03:19pm by Eric Ng

    ... bosses Six minority shareholders of China Resources Power have withdrawn their claim of a breach of fiduciary duties by the firm's directors after the High Court judge rejected ... the matter [about the leaked letters]," a CRP source said at the time. "In any case, the general manager of China Resources Coal ultimately responsible for obtaining permits had been ...

    http://www.scmp.com/business/companies/article/1399789/shareholders-drop-suit-against-china-resources-power-directors
  7. Business - Companies - CORRUPTION

    China Resources sealed billions in deals without tenders, auditor finds

    Posted Jun 21st 2014, 03:14am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com In one case, auditors find HK-listed power unit sealed HK$14.7b deals outside usual practice China Resources bypassed tenders in huge contracts China Resources ... executives are already under investigation for corruption. Units under Hong Kong-listed China Resources Power in 2012 awarded contracts for project construction and engineering works, as well ...

    http://www.scmp.com/business/companies/article/1537292/china-resources-sealed-billions-deals-without-tenders-auditor
  8. News - China

    China anti-graft agency probes China Resources chairman Song Lin

    Posted Apr 19th 2014, 03:26am by Bloomberg

    ... company controls China Resources Power Holdings, which was accused last year of paying too much for three coal mines in Shanxi province in 2010. The probe is a signal that the Communist Party ... Bloomberg Anti-graft agency probes China Resources chief The mainland's anti-corruption agency is investigating the chairman of China Resources Holdings after domestic media repeated ...

    http://www.scmp.com/news/china/article/1487546/china-anti-graft-agency-probes-china-resources-chairman-song-lin
  9. News - China - CORRUPTION

    Wang Shuaiting latest head to roll in China Resources graft investigation

    Posted May 16th 2014, 11:44pm by Staff Reporters

    ... of China Resources Land, was also detained. A senior China Resources Power executive said he was surprised by news of Wang Shuaiting's detention, saying he was a talented manager who reached ... Staff Reporters Wang Shuaiting under investigation for violating law and party discipline Another head rolls in China Resources probe Wang Shuaiting, the chairman of the listed subsidiary ...

    http://www.scmp.com/news/china/article/1513915/china-travel-services-hong-kong-vice-chairman-investigated-amid-graft
  10. Business - China Business - COURTS

    CRP directors accused of lying about joint venture

    Posted Jan 07th 2014, 01:46am by Eric Ng

    ... of lying about joint venture Minority shareholders of China Resources Power Holdings (CRP) have accused its directors of lying about the extent of its control over a coal joint venture, which ... per cent stake in China Resources Taiyuan (CR Taiyuan) on behalf of CRP. Another letter supposedly written by Citic Trust to the department also said the stake was held on behalf of CRP, ...

    http://www.scmp.com/business/china-business/article/1399381/crp-directors-accused-lying-about-joint-venture

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