Saturday, May 23, 2015

Businessman lost 125 billion – Dagens Industri

Businessman lost 125 billion

                  2015-05-22 23:41
             

Until yesterday, he was regarded as China’s richest man. But today, Li Hejun perhaps easy to keep from laughing. At around 30 minutes dropped the value of his company with around $ 15 billion, about SEK 125 billion, reports CNBC.

Behind was a sharp fall in the share price of solar power giant Hanenergy, as Li controls. Before the crash was Li’s fortune around $ 30 billion, about SEK 250 billion. CNBC writes that the halving of half an hour can be a record of its kind.

The trade in Hanenergys shares was halted on the Hong Kong Stock Exchange and the company is now being examined for suspected price manipulation. Before the case had Hanenergys course just risen; since September the price had risen fivefold, which baffled analysts.

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