CHINA TOPIX

China Unicom's Shares Plummet as Chairman Chang Xiaobing is Investigted for Corruption

Ryan General   |

Dec 30, 2015 04:55 AM EST

Chang Xiaobing, the chairman of China's largest state-owned mobile operator, China Unicom, is being investigated by for corruption by the Central Commission for Discipline Inspection (CCDI). The shares of China Unicom plummeted to HK$3.62 ($0.47) from HK$3.73 on Hong Kong's bourse after the news was made public.