Jingjin Equipment's Chairman Detained for Investigation; Shares Slump 8%
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Authorities in China's Baode County detained Jingjin Equipment's chairman and general manager, Jiang Guiting, for an investigation, according to a Shanghai bourse disclosure on Friday. The Chinese environmental protection service provider said the matter is not expected to have a significant impact on its normal production and operations. The company's shares fell less than 8% in recent trade.
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