Graft watchdog probes two former officials of ChemChina

FILE PHOTO: The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, China February 3, 2017. REUTERS/Thomas Peter/File Photo

BEIJING: China’s anti-graft watchdog says it is investigating the former chairman of China state-owned giant National Chemical Corp (ChemChina), for violations of discipline and law, along with another former company official.

The investigations come after Swiss seeds and pesticides group Syngenta withdrew in March its bid for a long-delayed US$9bil initial public offerings (IPO) in Shanghai, which would have been China’s largest, and one of the world’s biggest, flotations this year.