China Solar Energy Holdings Ltd., the solar panel maker that’s lost 93 percent of its market value since 2007, said its chairman and two directors have been detained by Chinese authorities on allegations of fraud.
Chairman Yeung Ngo, Yang Yuchun and non-executive director Hao Guojun were arrested and have been held since Aug. 26, China Solar Energy said in a statement to the Hong Kong stock exchange on Oct. 18, citing its legal advisers. The company has been unable to contact them since August and is assessing the impact of the investigation on its financial performance, it said.
The disappearance...
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