Retail in Asia

In Shops

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.

To view the full article (note: you must be an subscriber), visit (From seven days after publication, this article will appear in Archive Search.)