Former Neo-China Executive Faces ICAC Charges; Shanghai Industrial Urban Development Group Clarifies No Current Involvement

Reuters

07/30

Former Neo-China Executive Faces ICAC Charges; <a href="https://laohu8.com/S/SGHIF">Shanghai Industrial</a> Urban Development Group Clarifies No Current Involvement

Shanghai Industrial Urban Development Group Ltd. has issued a voluntary announcement regarding a regulatory issue involving a former executive director and chairman of Neo-China Land Group (Holdings) Limited. The Independent Commission Against Corruption (ICAC) of Hong Kong charged the individual with alleged wrongdoing related to events that took place between November 2003 and July 2007. The individual has surrendered to the authorities. Shanghai Industrial Holdings Limited, which acquired a significant stake in Neo-China in 2010, stresses that the current board and management have no connection to the accused and that the case should not materially affect the Group. The board maintains the company's operations remain unaffected by the allegations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Industrial Urban Development Group Ltd. published the original content used to generate this news brief on July 30, 2025, and is solely responsible for the information contained therein.

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The Independent Commission Against Corruption (ICAC) of <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> charged the individual with alleged wrongdoing related to events that took place between November 2003 and July 2007. The individual has surrendered to the authorities. <a href=\"https://laohu8.com/S/SGHIY\">Shanghai Industrial</a> Holdings Limited, which acquired a significant stake in Neo-China in 2010, stresses that the current board and management have no connection to the accused and that the case should not materially affect the Group. The board maintains the company's operations remain unaffected by the allegations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The Independent Commission Against Corruption (ICAC) of <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> charged the individual with alleged wrongdoing related to events that took place between November 2003 and July 2007. The individual has surrendered to the authorities. <a href=\"https://laohu8.com/S/SGHIY\">Shanghai Industrial</a> Holdings Limited, which acquired a significant stake in Neo-China in 2010, stresses that the current board and management have no connection to the accused and that the case should not materially affect the Group. The board maintains the company's operations remain unaffected by the allegations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/600748\">Shanghai Industrial</a> Urban Development Group Ltd. published the original content used to generate this news brief on July 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00363","symbol_name":"上海實業控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250729:nNDL7TK6np:1","article_id":"2555806282","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555806282","pubTimestamp":1753827827,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Shanghai Industrial Urban Development Group Ltd. has issued a voluntary announcement regarding a regulatory issue involving a former executive director and chairman of Neo-China Land Group  Limited. 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The Independent Commission Against Corruption (ICAC) of Hong Kong charged the individual with alleged wrongdoing related to events that took place between November 2003 and July 2007. The individual has surrendered to the authorities. Shanghai Industrial Holdings Limited, which acquired a significant stake in Neo-China in 2010, stresses that the current board and management have no connection to the accused and that the case should not materially affect the Group. The board maintains the company's operations remain unaffected by the allegations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Industrial Urban Development Group Ltd. published the original content used to generate this news brief on July 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}