Guangdong Kelon, the refrigerator manufacturer embroiled in fraud investigations last year against its former chairman and other executives, admitted Monday to net losses of US$463 million. It is the largest loss of any publicly traded Chinese company for last year, the South China Morning Post reported. Shares in the company have been suspended from trading in Hong Kong since June 2005 due to the fraud probe on imprisoned former chairman Gu Chujun. Gu and 11 other executives were removed from their posts in August 2005. Kelon halted about 50% of its refrigerator production and 70% of its air conditioner output between May and August last year while police and regulators were investigating.