Is missing tycoon Xiao Jianhua losing control of his business empire?

by Dramelin 9:00 PM 0 comments

Shares of Baotou Tomorrow Technology gained 0.23 per cent yesterday, Baotou Huazi Industry fell 1.75 per cent, while Xishui Strong Year gained 0.44 per cent. But another source close to the investigation insisted that Xiao was still in contact with his wife and his business associates. Under Hong Kong law, the authorities can hold Yao without charge for up to 48 hours. Xiao, has built up a sprawling business empire of financial vehicles and listed companies that could send major shocks through to the market if their shares ?collapsed. Doubts are rising over missing ?tycoon Xiao Jianhua`s grip on his vast business empire, with one source close to Xiao`s family ?saying the billionaire`s contact with the outside world has been ?severed "in the last couple of days".