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China's richest man under police probe
Beijing,
Mon, 24 Nov 2008
ANI
Beijing, Nov. 24 (ANI) China's richest man, Huang Guangyu, a home appliance tycoon, is under police investigation for stock market manipulation.
According to a Xinhua report, Guangyu's company, the Hong Kong-listed Gome Company was expected to suspend trading on Monday.
The Beijing News reported that the company was scheduled to issue its third-quarter financial report on Monday.
Huang is the richest man on Chinese mainland, with 43 billion Yuan (about 6.14 billion US dollars) of personal wealth, according to the 2008 Hurun Rich list. (ANI)
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