Key Chinese state enterprise boss commits suicide
- By Zhang Rui
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E-mail China.org.cn, August 4, 2015
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A file photo of Wu Shengfu, the chairman of China First Heavy Industries. [File photo] |
Wu Shengfu, chairman of China First Heavy Industries, ended his life early on Monday morning at his office in Qiqihar, Heilongjiang Province.
China First Heavy Industries announced that the 51-year-old chairman of board of the key Chinese pillar enterprise had "suddenly" died. The company said the operation of the company remains normal, and the vice chairman will act the chairman's duty.
The statement didn't elaborate the details and cause of why Wu died. But sources told China Business News that Wu was founded committing suicide early on Monday at an office in Qiqihar. The reason is still unknown.
The incident happened after the central government's inspection group moved into the China First Heavy Industries headquarters to check for criminal corruption and discipline issues. There are reportedly some materials from whistle-blowers about Wu circulating on the Internet. But industry insiders said there were no big controversies about Wu in his professional life.
Wu, born in February 1964, was a senior engineer, general manager and chairman of China First Heavy Industries and worked for the company for 27 years since his college graduation. In 2008, Wu said he would lead China First Heavy Industries to become an international brand, a significant manufacturer and key technology and equipment (including nuclear equipment) provider.
China First Heavy Industries, which grew out of the former First Heavy Machinery Works, was founded in 1954 and entered formal production in June 1960 by approval of the state. It was founded as a heavy duty equipment maker during China's first Five-Year Plan period (1953-1957). Currently, it is one of 53 state-owned key enterprises which are directly administrated by the central government concern national security and the economy. But the company had been losing money for three years before Wu's death, and he had raised the issue of the company's transformation.
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