THE former managing director of the Guangdong (Hongkong) International Company will appear in Eastern Court this morning facing five counts of corruption. Liu Zhong-guo, 60, was arrested by Independent Commission Against Corruption (ICAC) officers upon arrival from China at the Lowu border checkpoint yesterday. The ICAC alleged Liu accepted $260,000 from a Hongkong company in 1987 in return for approving a $7.2 million loan. Liu was released on bail of $300,000.