(Corrects spelling of name of PetroChina vice president in
By Anne Marie Roantree and Chen Aizhu
HONG KONG/BEIJING, Sept 9 Trading in shares of
China's dominant oil producer PetroChina Co Ltd
was suspended on Monday, the second halt in two
weeks, as the company said a newspaper report that more of its
executives were being investigated was inaccurate.
A PetroChina spokesman said the company would issue a
The China Business News reported that five executives,
including vice president Sun Longde and director Wang Guoliang,
had been detained, citing an unidentified source within the
PetroChina, one of the world's most valuable oil companies,
is embroiled in a major corruption investigation.
Its shares were suspended for a day on Aug. 27. Since then,
the government has said five former senior executives at
PetroChina and its parent, China National Petroleum Corporation
(CNPC), were being investigated.
That included Jiang Jiemin, the former chairman of both
The investigations come amid an anti-corruption campaign by
Chinese President Xi Jinping.
PetroChina said in a statement on Monday to the Hong Kong
stock exchange that trading in all structured products related
to the company had also been halted from trading. No further
details were immediately available.
Shares of the company, which dropped 4.4 percent on Aug. 28
after the initial investigation was announced, last closed on
Friday at HK$8.70.
Hong Kong-listed Wison Engineering Services Co Ltd
, a major PetroChina customer, said earlier this month
its chairman and controlling shareholder, Hua Bangsong, was
assisting authorities in an unspecified investigation.
(Additional reporting by Twinnie Siu and Donny Kwok. Editing by