We all have those days when we don’t
fancy going to meetings – but sometimes, it really is worth showing up.
One of China’s
richest men just had a reported £9 billion wiped off his personal fortune in
half an hour – and it could be because he failed to show up for a meeting.
Li Hejun failed
to attend the annual shareholder meeting of his company, Hanergy – casting
doubt over the company’s future.
A company
spokesman was reported as saying he, ‘had something to do’ by the Financial
Times.
Sadly, that’s
not really an excuse when you’re the chairman of one of China’s biggest solar
panel companies – and the company’s stock, and his controlling stake, dived.
After his
no-show, sales collapsed – shares in Hanergy Thin Film Power Group, fell 47% on
the Hong Kong stock exchange.
In that half
hour, Li saw his personal fortune reduced by £9 billion, according to Fortune.
Trading was halted and the company made no immediate public
comment on the possible reason for the plunge.
No comments:
Post a Comment