November 20, 2017 / 2:15 AM / a year ago

BUZZ - HK shares of SouthGobi hit 14-mth low as CEO arrested in China

** Hong Kong shares of SouthGobi Resources Ltd fall 12.3 pct to HK$1.35, the lowest since Sept. 15, 2016

** The Vancouver-based coal miner said on Friday Chairman and CEO Aminbuhe was arrested on Oct. 11 and detained at the Rizhao City Detention Center in China as a suspect in a fraudulent loan case

** SouthGobi said its board has formed a special committee to investigate the charges against Aminbuhe

** The benchmark index slides 0.2 pct (RM: donny.kwok.thomsonreuters.com@reuters.net)

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