
HKT says US order ‘ceased’ as firm reportedly agrees to exit American market
By Katherine Langford
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Fu Chengyu, the former chairman of leading oil giants Sinopec and China National Offshore Oil Corporation (CNOOC), is under investigation for corruption by the country’s top watchdogs. The Communist Party’s Central Commission for Discipline Inspection (CCDI) was investigating Fu for alleged “serious violations of discipline and law”, a euphemism for corruption, state news agency Xinhua reported on Saturday, quoting a notice posted on the commission’s website. He is “currently undergoing...