Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Update: Former Gome Chairman Insider Trading Allegations

China Business News, 12/31/08

A source with knowledge of the situation has revealed details regarding the insider trading accusations surrounding former chairman of Chinese consumer electronics and home appliance retailer Gome (0493.HK), Wong Kwong Yu. The accusations revolve around manipulation of the stock price of real estate and property management firm Beijing Centergate Technologies (000931.SZ), which is controlled by Beijing Pengrun Investment, which in turn is owned by Wong. Wong is currently being investigated over the matter, and was suspended as chairman of Gome in late December.

Keywords: law 000931.SZ 0493.HK Centergate Gome hardware Wong Kwong Yu retail home appliances consumer electronics


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports