Sinolink shares dive on honcho scrutiny news

The shares of Sinolink Securities Co suffered the biggest fall in three weeks after its chairman Lei Bo was put under government investigation for 'personal reasons'.

Trading in the company's shares was suspended for an hour yesterday and finally dropped 5.07 percent to 36.35 yuan, the biggest fall since April 22. The Shanghai Comosite index dipped 0.9 percent to close at 2,639 points.

According to Sinolink's statement to the Shanghai bourse on Wednesday night, Wang Jinyong, vice-president of the company, will take charge of Lei's responsibilities for the time being.