The head of a multi-billion-dollar state-owned Chinese heavy machinery manufacturer was found hanging in his office as anti-corruption investigators probed his firm, state media said Tuesday.
Police believe Wu Shengfu, 51, the general manager of China First Heavy Industries (CFHI), killed himself, the official Xinhua news agency reported.
CFHI makes machinery for purposes ranging from nuclear power equipment to petrochemical and auto manufacturing. Its Shanghai-listed arm — of which Wu was chairman — has a market capitalisation of 66.8 billion yuan ($10.8 billion).
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