Feeds

China's richest man disappears

Gome shares suspended

The smart choice: opportunity from uncertainty

The chairman of China’s largest electronics retailer, Gome, has disappeared, although some reports suggest he's been detained by the police over alleged financial misconduct at the firm.

Huang Guangyu, who founded Gome Electrical Appliance Holdings in 1987, could not be located today, according to several reports.

Shares in the company have been suspended on the Hong Kong Stock Exchange.

Gome was unable to confirm whether Huang had been detained, the Financial Times reports. Meanwhile, the company said it was “making necessary inquiries” in an effort to “verify the allegations”.

Just last month the Hurun Report, which compiles lists of China’s well-off, said Huang was the wealthiest person in the People’s Republic with a net worth of $6.3bn (£4.2bn).

Chinese financial magazine Caijing reported that Huang was detained today as part of an investigation into the manipulation of shares of SD Jintai, a pharmaceuticals group controlled by Huang's brother, Huang Junqin.

Gome said its operations and relations with suppliers had not been affected by the reports. High profile tech partners include Dell and Microsoft. ®

Designing a Defense for Mobile Applications

More from The Register

next story
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.