Friday, June 30, 2017

Three Ex-Billionaires See Fortunes Wiped Out in Hong Kong Stock Rout

Three former billionaires who made their fortunes by taking their companies public in Hong Kong shed more than 91 percent of their wealth amid the market rout that’s roiling small-cap stocks in the city.

Huang Wenji suffered the biggest loss when his stake in China Jicheng Holdings Ltd. plunged $1.9 billion since the crash began during trading hours Tues… Read the rest



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