Founder says current, future profits harmed by legal brawl with Zenith | South China Morning Post

The Shanghai-listed firm admitted for the first time that it had received documents of Zenith’s lawsuit. 

Top executives of Peking University’s Founder Group, the parent of Founder Securities which has been hit by allegations of corruption, have been taken away for questioning, Founder has confirmed.

Founder Group chairman Wei Xin, chief executive Li You and  president Yu Li were taken away by mainland authorities on Sunday “to assist with investigations”, the company said.

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