Former Sinopacific Shipbuilding chairman Simon Liang arrested

Liang Xiaolei (Simon Liang), former chairman and ceo of Chinese private shipyard company Sinopacific Shipbuilding, has been arrested by Myanmar police over tax issues.

Liang had entered Yangon via Hong Kong, and was arrested at Rangoon international airport when heading to Thailand.

He is alleged to have avoided and refused to pay tax of over RMB1m, and a court in Ningbo issued an arrest warrant for him. Liang has been handed over to Chinese police.

Liang, born in Zhejiang province, operated family business Evergreen Holding Group with his father in Ningbo, which is engaged in the investment and development of heavy industry sector including shipbuilding, offshore engineering and logistics.

He founded Sinopacific Shipbuilding Group in 2004, which was formerly known as Jiangsu Sinopacific Shipbuilding, based in Shanghai. The company was declared bankruptcy in 2017 due to the lack of capital and unpaid debts.

Currently, Evergreen in Ningbo had suspended operations and laid off many of its staff. Both Liang and his father are facing several lawsuits, many of their properties went under the hammer.

Posted 31 January 2019

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Katherine Si

China Correspondent

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