Chinese developer Agile Property Holdings Ltd said on Sunday its Chairman Chen Zhou Lin would resume work on December 15, some two months after being detained by authorities in Kunming City and placed under house arrest.
Agile, which is saddled with debt and has suffered slowing sales, said billionaire Chen was no longer subject to the measures and would resume his duties as an executive director and chairman from Monday. It said its operations and business "remain in its usual and normal manner", but made no comment for the reasons for his detention or for his release.
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