Chinese Supplier Faces Bribery Charge

摘要

Hong Kong-listed Wison Engineering has been charged with bribery and conspiracy to commit a tender-offer fraud, the company announced Thursday as it prepared to resume trading on the Hong Kong stock exchange (IOD Sep.20'13). Some of Wison's bank accounts were frozen in September 2013 as part of an escalating probe into state PetroChina. Wison Chairman Hua Bangsong, who is also the company's controlling shareholder, was arrested and charged this week although PetroChina was not indicted.