Corruption probe hits China Resources HK units


HONG KONG: Shares of all five Hong Kong-listed companies of China Resources Holdings Co Ltd fell on Tuesday, wiping over $3 billion off its market capitalization after China's top anti-corruption body launched a probe into its parent group chairman.

The selloff hit stocks of subsidiaries spanning energy, infrastructure, property and consumer businesses, led by China Resources Power Co Ltd (0836.HK) which fell more than 11 percent in its worst day since July 17 last year.

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