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The rise of a street-side electronics shop into Hong Kong-listed giant Gome - and Wong's fall from grace

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SCMP Reporter

1987 Wong Kwong-yu, a high-school dropout from Shantou , sets up a street-side electronics shop in Beijing, later naming the business Gome - after the Putonghua word guomei, or 'beautiful country'

2004 Gome lists on the Hong Kong stock market

November 2008 Gome, which by now operates over 1,000 stores in more than 200 cities, announces Wong is under investigation by Beijing police, and later says he is under house arrest. Chen Xiao is appointed acting chairman of company

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December Wong's wife, Du Juan, resigns as a director of Hong Kong-listed Gome Electrical Appliances Holdings

January 2009 Wong resigns as the Hong Kong-listed firm's chairman and executive director

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August Hong Kong's Securities and Futures Commission accuses Wong and his wife of stock market fraud, and secures a High Court order freezing HK$1.66 billion of Wong's shares in Gome. The financial regulator is unable to serve the summons on Wong because his whereabouts on the mainland are unknown. The asset-freeze order is the biggest the Securities and Futures Commission has yet secured

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