BEIJING Dec 23 The chairman of Zhengzhou Coal
Industry & Electric Power, a state-controlled coal
producer based in central China, has stepped down after an
investigation by local anti-corruption authorities, the company
said on Monday.
In a notice submitted to the Shanghai Stock Exchange,
Zhengzhou Coal said Meng Zhongze had resigned after he was
detained and put under investigation by the disciplinary
commission of Henan province. It did not provide any further
The company, also one of China's biggest manufacturers of
mining equipment, could not be immediately reached for comment.
China's anti-corruption authorities have launched a series
of probes into the country's mostly state-owned energy sector,
and a number of senior heads have already rolled.
Liu Tienan, the former head of China's National Energy
Administration, was sacked in May and is now facing prosecution
for taking bribes, according to the official Xinhua news agency.
China is also investigating five former senior executives of
the country's biggest oil firm, the China National Petroleum
Corporation (CNPC), for "serious discipline violations",
government shorthand mostly used to describe graft.
CNPC's former head, Jiang Jiemin, who left the company in
March to take over as head of China's state-owned assets
watchdog, was accused of similar violations in September.
The China Commission of Discipline and Inspection, China's
top anti-corruption body, said in October that it was also
investigating the former chairman of the Shaanxi Yulin Energy
Group, a coal producer based in northwest China.
Shares of Zhengzhou Coal did not trade on Monday after the
company asked for a trading halt, and will resume trading on
(Reporting by David Stanway; Editing by Muralikumar