Fugitive Chinese tycoon Guo Wengui ‘has US$1.1 billion of assets frozen by Hong Kong court’
- Court order on October 23 ‘prohibiting sales of 510 million shares of Haitong International’ awarded to government prosecutors
- Report came on day of Guo’s press conference in New York, at which he vowed to reveal ‘truth’ about HNA Group founder Wang Jian’s death in France
Another HK$8.7 billion (US$1.1 billion) of assets of fugitive mainland China tycoon Guo Wengui has been frozen by a Hong Kong court, local media reported on Tuesday, citing court documents.
The report by online news outlet HK01 came as Guo, also known as Miles Kwok, was to hold a press conference in New York on Tuesday, with an introduction by former US presidential adviser Steve Bannon.
A restraint order issued on October 23 includes prohibition of sales of 510 million shares – or 14.98 per cent – of Hong Kong-listed Haitong Securities “effectively controlled” by Guo under his alias Kwok Ho-wan through three offshore companies, the report said.
Haitong is among the top securities brokers in mainland China.
The latest development follows the revelation from a separate court case in August that Hong Kong police are investigating Guo over alleged conspiracy to launder more than HK$32 billion.