The Secretive China Energy Giant That Faces Scrutiny

CEFC China Energy Co.’s rapid ascent was shrouded in mystery. So is the turmoil that’s engulfing the Shanghai-based company. Its chairman, Ye Jianming, is said to have been investigated by authorities, and the company is reported to have been taken over by an arm of the Shanghai government. Speculation that the company is connected to China’s military, the People’s Liberation Army, has followed CEFC during its rise.

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