China's WH Group discloses allegations made by former director
Reuters
Published Aug 23, 2021 01:03AM ET
Updated Aug 23, 2021 01:26AM ET
(Reuters) - Chinese pork processing giant WH Group (OTC:WHGLY) Ltd on Monday disclosed details on allegations made by a former director, which the company previously said were "untrue" and "misleading".
The company said on Monday some of the allegations were related to transfer of funds from its Shanghai-listed unit Henan Shuanghui Investment & Development Co to offshore markets.
WH Group earlier in August noted media reports citing allegations against the group made by Wan Hongjian, a former executive director who was removed in June.
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Written By: Reuters
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