The 100 billion state-owned enterprise Kunming Iron and Steel Group staged a personnel earthquake in April this year, following the fall of the chairman of the board, two deputy general manager took the initiative to surrender, recently another deputy general manager took the initiative to surrender.
According to the CPC Yunnan Provincial Commission for Discipline Inspection news: Kunming Iron and Steel Group Party Committee Standing Committee, deputy general manager Dong Rui Zhang suspected of serious disciplinary violations, has taken the initiative to surrender, is currently under disciplinary review and supervisory investigation.
Information shows that Dong Rui Zhang born in June 1970, Yunnan Baoshan, July 1993 to November 2011, has worked in the ironmaking plant of Kun Steel, Kun Steel Company Production Management Department, Kun Steel Fu Steel Operations Department.
From November 2011 to December 2016, worked in Wukun JSC, Kunsteel New District Branch, Wukun JSC Anning Company, where he held the positions of deputy general manager, deputy chairman, executive deputy general manager and director of the production management center.
From December 2016 to June 2020, worked in Kunming Iron and Steel Holding Company Limited (Kunming Iron and Steel Group Limited Liability Company), where he served as a member of the Party Committee, assistant general manager, general manager and director of Wukun Joint Stock Company.
Since June 2020, he has been a member of the Standing Committee of the Party Committee and Deputy General Manager of Kunming Iron and Steel Holding Co.
Recently, the Communist Party of China has stepped up its purge of central enterprises. Just last month, Kunming Iron and Steel’s top brass was almost wiped out, with Party Secretary and Chairman Du Lujun being investigated and Party Standing Committee member and Vice General Manager Li Ping and Vice General Manager He Zhijun surrendering on their own initiative, leaving a total of 19 people under investigation. Another 12 people were detained on suspicion of bribery.
Kunshan Steel Holdings was established in 2003, with a total of about 27,000 employees. By the end of September last year, the company had total assets of 64.7 billion yuan and total liabilities of 46.1 billion yuan. 2019 operating income exceeded 120 billion yuan. Kun Steel Holdings also has a listed company in the A-share called Cloud Coal Energy, in which Kun Steel’s shareholding accounts for more than 60%.
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