The founder of the Chinese-language energy company
Hanergy Li Hejun has reportedly been detained by the police
The businessman, once ranked China's richest man, was taken to the
northeastern city of Jinzhou last month, according to Caixin magazine.
Li was previously banned from listing as a director in Hong Kong after a 2015
percentage price crash in which his organization lost almost half its value in minutes.
the founding father of the Hanergy organization, was detained by police in
Jinzhou, a city in the northeastern province of Liaoning, on December 17, the financial magazine
The bank said it gave nearly 10 billion yuan ($1.5 billion) to the
energy institution when its subsidiary Hanergy thin film made an initial public offering in the Hong Kong inventory
Li ranked using the Hurun file as China's richest guy in 2015 with US$26 billion on
his way to a more than seven-fold increase in Hanergy's percentage rate within a year
But a sudden promotion in May 2015 also saw the company's
price drop 47 percent, dropping a total of HK$144.2 billion, in just 20 minutes.
The promotion came as Li became the speaker at the organization's
annual shareholder meeting, vowing to build a business empire bigger than Apple
Li was later forced to delist the organization in 2019 after an
investigation through the Hong Kong Securities and Futures fee.
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