On August 11th, Chen Wei, the Vice President of Shanghai Guosheng Group and Director of Shanghai Jianke, is suspected of serious violations of discipline and law and is under investigation.
Shanghai Jianke announced on the evening of August 11th that Director Chen Wei is suspected of serious violations of discipline and law and is currently under review and investigation.
Shanghai Jianke stated that Chen Wei was appointed as a director by the shareholder Shanghai Guosheng (Group) Co., Ltd. Besides serving as a director of the company, he does not hold any other positions in the company and is not involved in the daily business operations. The above-mentioned matters will not have a significant impact on the company’s production and operation activities.
According to the interim announcement issued by Shanghai Jianke on July 24th, Shanghai Guosheng (Group) Co., Ltd. is the largest shareholder of Shanghai Jianke, holding 28.11% of the shares.
On August 11th, the stock price of Shanghai Jianke fell by 0.87%, closing at 19.46 yuan per share, with a total market value of 7.98 billion yuan.
Chen Wei was born in December 1971 and has served as the Director and Party Secretary of the Shanghai Municipal Housing Construction Development Center, the Director of the Office of the Shanghai Municipal Housing Security and Housing Management Bureau, the Deputy Director and Party Committee Member of the Shanghai Urban Management and Administrative Enforcement Bureau, as well as the Party Committee Secretary, Chairman, and Executive Director of Shanghai Real Estate Affordable Housing Co., Ltd.
In July 2024, Chen Wei assumed the position of Vice President of Shanghai Guosheng (Group) Co., Ltd.
It was reported that in November 2015, the Shanghai Municipal Housing Construction Development Center held a series of events to celebrate its tenth anniversary, where 150 commemorative watches were illegally distributed, costing 144,000 yuan; and 102 people were organized to visit and study in other provinces and cities, costing 173,000 yuan. As a result, the then Director of the Shanghai Municipal Housing Construction Development Center, Chen Wei, received an administrative warning.
(Note: Translation of the article is based on the provided information. Any additional context or updates may not be reflected in this translation.)