Chen Fenjian, chairman of the state-owned China Railway Construction Corporation, one of the country’s 30 largest companies, died Sunday at the age of 58, according to a statement from the company Tuesday.
The businessman’s death was first reported Monday by Sixth Tone’s sister publication The Paper. According to the report, Chen died after falling from a building.
CRCC did not note the cause of Chen’s death in its statement, and the public security bureau has launched an investigation into the matter, according to the Global Times, a state-run tabloid.
Financial media outlet Caixin reported Tuesday that the death was a suicide, citing an anonymous railway construction industry insider with knowledge of the matter.
Chen, who had helmed CRCC for nearly two years, also served as a delegate to the 19th National Congress of the Communist Party of China, the country’s annual legislative meetings.
According to the statement, the company has been operating normally since Chen’s death, and a suitable candidate will be nominated to fill Chen’s position.
CRCC is one of the world’s largest and most powerful integrated construction groups, ranking 54th in this year’s Fortune Global 500, according to the company’s website. CRCC provides construction services for transportation infrastructure, as well as real estate development and materials trading.
Editor: David Paulk.
(Header image: People Visual)