Wang Zhenhua, chairman of Future Land Development Holdings, briefs the media on their global offering press conference, in Hong Kong on November 18, 2012. Photo: Edward Wong

‘Key man risk’ is still rife in Chinese companies, as shown by the US$4.2 billion wipeout in value of Future Land after founder’s arrest in Shanghai

  • Latest scandal shows how investors end up paying a heavy price for the mistakes committed by company executives
  • About 13 per cent of listed Chinese businesses, or close to 400 companies, have a shareholder who owns a stake of 50 per cent or more, according to data compiled by Bloomberg
Topic |   China property

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Wang Zhenhua, chairman of Future Land Development Holdings, briefs the media on their global offering press conference, in Hong Kong on November 18, 2012. Photo: Edward Wong
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