China Yuanbang chairman's 'private matters' under probe

Singapore

THE executive chairman of China Yuanbang Property Holdings Limited (China Yuanbang), Chen Jianfeng, has reportedly been asked to assist the Chinese authorities in their investigation of his "private matters".

In a filing to the Singapore Exchange on Tuesday, China Yuanbang said that it had been told of this development by Mr Chen's spouse, who also told the board that Mr Chen had been required by the Shenzhen City People's Procuratorate of the People's Republic of China to "stay at a designated residence" since Dec 29, 2014, in order to assist in the investigation.