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Rising Holdings reprise en main – the president arrested.

Rising Holdings reprise en main – the president arrested.

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Liu Weidong Liu Weidong, party committee secretary and chairman of Guangdong Rising Holdings Group Co., Ltd. [Rising Group], has been arrested pour “serious violation of discipline and the law“, a vague and recurring motive that intersects with both corruption and political indiscipline.

Why it matters ? Rising Holding is a strategic group.

Guangdong Rising Holdings Group Co., Ltd. was created in 1999 (10 billion yuan ~1.4 M euros). It is a public company “key” in Guangdong Province. In 23 ans, Rising Group has become a large group of multinational companies around the electronics sectors, natural resources, real estate and financial development. In 2021, the band was recording 4,27 billion yuan net profit (~€620million). Rising Holdings is the 78th largest multinational in China.

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