Hong Kong’s Independent Commission Against Corruption has charged former Greentown China chairman Zhang Yadong with allegedly accepting HKD20 million from a Dalian property developer shareholder, accusing him of prompting Greentown China (03900.HK) t

2026-10-09

Hong Kong’s Independent Commission Against Corruption has charged former Greentown China chairman Zhang Yadong with allegedly accepting HKD20 million from a Dalian property developer shareholder, accusing him of prompting Greentown China (03900.HK) to acquire a local project for RMB440 million. The case was arraigned at the Eastern Magistrates' Court in Hong Kong on Oct. 9. Greentown said Zhang left the board in March 2025 and has not participated in company management since, has cooperated with the ICAC investigation, and that business operations, its team and performance remain normal.