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Shares of companies tied to missing China-born billionaire fall in Shanghai
February 13, 2017 / 2:26 AM / 10 months ago

Shares of companies tied to missing China-born billionaire fall in Shanghai

HONG KONG (Reuters) - Listed firms controlled by Tomorrow Holdings, the company run by missing China-born businessman Xiao Jianhua, fell on Monday after mystery over his exit from Hong Kong deepened, with reports that he was whisked from a hotel in a wheelchair.

An entrance to Four Seasons Hotel in Hong Kong February 1, 2017, where Chinese billionaire Xiao Jianhua was last seen on January 27. REUTERS/Bobby Yip

Xiao left the luxury Four Seasons hotel in the heart of the financial centre in a wheelchair in the early hours of Jan. 27 with his head covered, a source close to the businessman told Reuters.

Shares in firms directly or indirectly controlled by Tomorrow Group extended losses from last week, with Baotou Huazi Industry Co Ltd and Baotou Tomorrow Technology both declining more than 3 percent.

Xishui Strong Year Co Ltd Inner Mongolia fell 1.5 percent. The benchmark Shanghai index edged up 0.3 percent.

Reporting By Anne Marie Roantree; Editing by Stephen Coates

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