The Aporia
The Hong Kong Independent Commission Against Corruption (ICAC) has charged Zhang Yadong, 58, the former chairman of Greentown China Holdings from 2019 to 2025, with taking bribes totaling HK$20 million ($2.5 million). The ICAC alleges that between January 2020 and March 2023, Zhang conspired with his son, a middleman, and others to accept bribes from a shareholder of an estate developer in Dalian, Liaoning province, in exchange for Greentown China acquiring equity interests in the developer’s project. The case was mentioned at Eastern Court on Friday.