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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's GOME says chairman has resigned after police probe AFP - Monday, January 19 BEIJING (AFP) - - One of China's richest men, Huang Guangyu, has resigned as director and chairman of GOME Electrical Appliances, the company said Sunday, two months after it confirmed he was being investigated by police. Huang's resignation resulted from "inability to perform his duties as director", GOME said in a statement, adding he also automatically ceased to be chairman of the group. Huang, who in October was ranked number two on US magazine Forbes' list of China's richest people behind Shanghai-based agricultural feed tycoon Liu Yongxin, is suspected of manipulating share trading in two mainland-listed companies, according to the official Xinhua news agency. Hong Kong-listed GOME announced late November that Huang and the firm's chief financial officer were being investigated by Beijing police. Beijing police said earlier this month that Huang's wife, Du Juan, was also under investigation for economic crimes. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China's GOME says chairman has resigned after police probeAFP - Monday, January 19 Europe had "catastrophic" 4th quarter: EU VerheugenReuters - Sunday, January 18 Detroit auto show opensAFP - Sunday, January 18 China's toy exports hit by global crisis: state mediaAFP - Sunday, January 18 Related Articles: Business RPT-Wall St Week Ahead: Obama, earnings to call stocks' tuneReuters - 20 minutes ago US-BUSINESS SummaryReuters - 27 minutes ago Equity rally; pausing or stalling?Reuters - 27 minutes ago Turkey '09 auto sales seen down 15-20 pct - agencyReuters - 28 minutes ago GLOBAL MARKETS WEEKAHEAD-Equity rally; pausing or stalling?Reuters - 36 minutes ago Enlarge Photo China's GOME says chairman has resigned after police probe Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson Hamas announces one-week truce after Israel ceasefire All aboard, as Obama takes slow train to power Hormone drives sexy women to infidelity, says study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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