China's Top Auditor Releases Results of Investigation into Six State-owned Enterprises

China's National Audit Office (NAO) released the results of audits performed on the revenues and expenditures of six centrally-owned enterprises (COE), including China National Aviation Holding Company, China Southern Airlines Company, China Eastern Airlines Company, China Huadian Corporation, Shenhua Group Corporation and China Resources Company. The NAO said thirty-seven senior managers employed by the six enterprises have been given warnings and, in some cases, were demoted or removed from their position for certain unspecified financial irregularities.

Source
The Beijing News

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