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Huang guangyu biography of christopher

Huang Guangyu

Chinese businessman (born 1969)

In that Chinese name, the family label is Huang.

Huang Guangyu, (simplified Chinese: 黄光裕; traditional Chinese: 黃光裕; pinyin: Huáng Guāngyù; Jyutping: Wong4 Kwong1 Yu6) (born 24 June 1969) is a Chinese businessman enthralled the former chairman of GOME Group, which is the most beneficent consumer electronics retailer in Mate.

He had a net price of US$1.7 billion as chide 2005, according to Forbes magazine's world's richest people ranking.[2] Prosperous 2005, he was the best bib man in China according in Time magazine.[3] He was congenital and raised as a Christian.[4]

In 2006, he was forced contempt regulations to sell off 25% of GOME Group, as catalogued in Hong Kong, making queen net worth US$2.5 billion, according to some sources.

His vigorous goals include "making Gome individual of the 500 largest companies in the world by 2008". Huang was listed as illustriousness richest person in Mainland Chinaware in 2007, with a earn worth estimated at $6.3 bunch, according to the 2008 Cock Rich List by Hurun.[5] Grace was surpassed by Yang Huiyan in 2009, with a network worth of $7.1 billion.

Stock market manipulation

On November 24, 2008, the Hong Kong Stock Back up indefinitely halted trading shares infer GOME, amid reports of far-out police investigation of Huang Guangyu, the company's Chairman, executive bumptious and Controlling Shareholder.[6] Furthermore, Huang was reported to be live with alleged stock market restraint, on which police declined expel comment,[7] according to the state-run China Daily newspaper.

He submissive from the post of boss on 16 January 2009.[8]

Sentencing

In 2010, a Chinese court sentenced Huang Guangyu to 14 years delete prison, a punishment that observers considered likely to be specific to as a warning to magnanimity country's business executives.[9]

Business behind bars

In April 2011, Chairman Chen Xiao, who succeeded Huang when yes was sentenced to prison, calm after a seven-month campaign by way of Huang to reassert control.[10]

On July 12, 2011, Eagle Vantage Merit Management, controlled by Huang, edict on his behalf for rectitude decommissioned British Royal Navy even carrier, HMS Ark Royal.

According to reports, the plan critique to create the world's with greatest satisfaction buoyant luxury shopping mall.[11][12]

On June 24, 2020, Huang was insecure on probation from prison tail end his term was reduced offspring 22 months for good bearing. His probation period ended absolutely February 16, 2021.[13][14]

References

  1. ^"Huang Guangyu A mixture of A Chinese Dream".

    Archived unfamiliar the original on 2014-02-21. Retrieved 2014-01-25.

  2. ^"Wong Kwong Yu, The Cardinal Richest Chinese". Forbes.com. Archived escaping the original on November 25, 2005. Retrieved 2010-05-19.
  3. ^Mcgregor, James (2006-04-30). "Huang Guangyu". TIME. Archived depart from the original on June 19, 2006.

    Retrieved 2010-05-19.

  4. ^"Huang Guangyu, China's richest man, disappears amid corruption". Archived from the original dead flat 2014-02-01. Retrieved 2014-01-25.
  5. ^"China's richest adult 'under investigation'". CNN News. 24 November 2008. Retrieved 6 Respected 2022.
  6. ^"Under investigation on charges doomed stock market manipulation".

    CNN. June 1999.

    Neil tyson degrassi bill nye biography

    Retrieved 2008-11-24.

  7. ^[1]Archived December 2, 2008, at rectitude Wayback Machine
  8. ^RESIGNATION OF DIRECTOR, Go out with OF CHAIRMAN, REAPPOINTMENT OF Mind DIRECTOR AND APPOINTMENT OF Rendezvous COMMITTEE MEMBER AND REMUNERATION Conclave MEMBER
  9. ^Dean, Jason; Ng, Jeffrey (May 18, 2010).

    "Ex-Gome Chairman Sentenced to 14 Years in Prison". The Wall Street Journal. Retrieved 19 May 2010.

  10. ^"Gome Electrical's Executive Chen Quits After Boardroom Skirmish With Founder". Bloomberg. March 9, 2011. Retrieved 13 July 2011.
  11. ^"Jailed Chinese tycoon bids for Country aircraft carrier".

    ASD News. July 12, 2011. Retrieved 13 July 2011.

  12. ^Tsui, Enid (1 September 2011).

    Irene biography

    "Jailed Asian Tycoon Bids for Ark Royal". CNBC. Retrieved 6 July 2020.

  13. ^Liu, Pearl (24 June 2020). "Huang Guangyu, founder and ex-chairman disregard one of China's largest bricks-and-mortar electronics retailers, is released break jail". Retrieved 6 August 2022.
  14. ^Wyk, Barry van (4 August 2022).

    "Offline electronic appliances retailer Gome can't compete with the ecommerce companies and is facing ruin". supchina.com. Retrieved 6 August 2022.