Scandal Triggers Suspension of Maoye Shares

The South China Morning Post reports that shares of Maoye International Holdings have been suspended from trading following reports that chairman Huang Maoru was implicated in the criminal investigations involving Wong Kwong-yu, the former chairman of Gome Electrical Appliances Holding, and former Shenzhen mayor Xu Zongheng.

 

Citing mainland website shuli.sysu.edu.cn, the Post says it is still unknown if Huang had been arrested or detained, adding that how he was involved in the investigation of Wong and Xu was not known.

 

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