Chinese developer Future Land says chairman detained, removed from role

HONG KONG (Reuters) - Future Land Development Holdings Ltd said late on Wednesday its chairman and executive director has been detained by mainland police and that the Chinese developer has removed him from his position with immediate effect. The Hong Kong-listed firm said it had received notice from the Putuo Branch of the Shanghai Public Security Bureau informing it that Wang Zhenhua had been detained for "personal reasons". Wang's detention was not related to the company's operations and its business remained normal, Future Land said in a filing to the Hong Kong stock exchange late on Wednesday

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