Mon. Dec 6th, 2021

© Reuters. SHEET PHOTO: Workers sort fresh pork cuts at a processing plant of pork producer WH Group in Zhengzhou, Henan Province, China, on November 24, 2017. REUTERS / Dominique Patton

(Reuters) – Chinese pork processing giant WH Group (OTC 🙂 Ltd on Monday disclosed details of allegations made by a former director, which the company previously said were “false” and “misleading”.

The company said Monday that some of the complaints were related to the transfer of funds from its listed unit to Shanghai Henan Shuanghui Investment & Development Co. to offshore markets.

WH Group, in August, pointed to media reports citing allegations against the group of Wan Hongjian, a former executive director who was fired in June.

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