China’s richest man loses $15 billion in one hour


0

China’s richest man Li Hejun lost $15 billion in just one hour yesterday when the stock for this solar panel firm Hanergy plummeted 47 percent in Hong Kong trading. Li overtook Jack Ma of Alibaba as China’s richest man in March when the stock for his company was estimated at $45 billion. He has so far not explained the astonishing crash. Hanergy’s shares had surged by 625 percent over the past year.

(562 VIEWS)

Don't be shellfish... Please SHAREShare on Google+
Google+
Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published. Required fields are marked *