Shares Of Zhongshan Utilities Suspended

June 1 -- Shares of Zhongshan Public Utilities Group (000685) were suspended from trading effective May 31 as the company was connected to the investigations into Li Qihong, the mayor of Zhongshan in Guangdong province, reports caing.com, citing an informed source.

Li was arrested on May 30 on suspicion of insider trading involving shares of Zhongshan Public Utilities Group.

According to the informed source, more than 10 persons are involved in the case, of which five are family members of Li.

Zhongshan Public Utilities Group is mainly engaged in the provision of utilities such as water supply and sewage treatment.