President of HK-listed China Resources Power investigated

The president of China Resources Power Holdings Co. is under investigation in East China's Jiangsu Province, the company said in a statement Tuesday.

Wang Yujun, president of the Hong-Kong listed company, has had his duties temporarily suspended and was replaced by the company's chairperson Zhou Junqing.

The blue-chip power producer is part of State-owned China Resources Holdings Co, a holding company for a group of energy, property, and consumer businesses in the Chinese mainland and Hong Kong.

China Resources Holdings Co has been involved in the country's anti-corruption drive after former chairman Song Lin was put under investigation in April following allegations of serious violations of discipline and law.