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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: China's second-richest person detained: state media AFP - 2 hours 56 minutes ago BEIJING (AFP) - - China's second-richest person, who made his fortune building up the nation's largest home appliance chain, has been detained on suspicion of market manipulation, state media reported on Monday. Hong Kong-listed shares in Huang Guangyu's company, Gome Electrical Appliances Holdings, were also suspended on Monday, according to a statement from the firm to the city's stock exchange. The shares were suspended "pending the release of an announcement in relation to price sensitive information", the statement said. This followed a report on the website of Chinese state-run finance magazine Caijing saying Huang had been detained and was under investigation on suspicion of market manipulation. The magazine, which did not reveal its sources, said the detention took place Wednesday last week, and other Chinese media outlets carried the story. With assets of 18.4 billion yuan (2.7 billion dollars), Huang was ranked as number two on a list of China's richest people issued by US magazine Forbes in October. An executive at Gome's investor relations department contacted by AFP Monday morning said she was not aware of the reported case. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Tiger rebels claim killing 43 Sri Lankan soldiersAFP - 18 minutes ago Australian officials say rescued whales now safe at seaAFP - 20 minutes ago Ex-ally fingers Philippine leader in corruption probeAFP - 23 minutes ago Top UN delegation visiting AfghanistanAP - 30 minutes ago Taxis stage strike in central Chinese cityAP - 1 hour 10 minutes ago Enlarge Photo China's second-richest person detained: state media Most Popular – Asia Pacific Viewed Stricken German public bank KfW expects further losses Michael Jackson settles court case: spokeswoman Over 200 narwhal trapped in Canadian ice Slump in Europe spreads wider Japan scientists eye made-to-order bones View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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