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Board of China’s Gome sues Wong as fight for control heats up

Fallen Chinese electronics billionaire Wong Kwong Yu is being sued by the company he founded, months after a mainland Chinese court jailed him for economic crimes.

Gome Electrical Appliances Holding yesterday filed suit in Hong Kong’s High Court against its largest shareholder and ex-chairman. The suit is part of a struggle for control of the huge electronics retailer.

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(Source: scmp.com)