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Missing fashion boss may be linked to China’s anti-graft investigation

The chairman of one of China’s most prominent fashion firms, Metersbonwe, has disappeared, the company said, prompting media speculation on Friday that he may have been caught up in the country’s anti-corruption drive.

Metersbonwe could reach neither Zhou Chengjian, ranked China’s 62nd-richest man last year by wealth publisher Hurun, nor the secretary of the board, it said in a statement to the Shenzhen Stock Exchange, where it is listed. Trading in its shares would remain suspended, it said on Friday, "to protect investors’ interests".

The announcement came only weeks after the four-day disappearance of Guo Guangchang, dubbed China’s Warren Buffett and the chairman of one of China’s biggest private-sector conglomerates, Club Med owner Fosun.
 

(Source: Shanghai Daily)