China tycoon goes missing
SHANGHAI, China (Reuters) -- One of China's richest private businessmen and the chairman of a Shanghai-listed company has gone missing, leaving behind liabilities of 987.86 million yuan ($119.4 million), the firm says.
Xinjiang Hops Co Ltd said Tuesday it had been unable to contact Aikelamu Aishayoufu, an ethnic Uighur who was named China's 22nd richest man in last month's Asiamoney poll, but did not provide further explanation.
"The company has not been able to get in touch with Aikelamu Aishayoufu, so he's unable to carry out his position as chairman," Xinjiang Hops, a brewery with real estate and bioengineering interests, said in a statement in the official Shanghai Securities News.
The company, whose yuan-denominated A shares fell their 10 percent limit on Monday, said it was facing serious financial problems due to the liabilities.
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