BEIJING - SHARES in China's largest home appliance chain were suspended on Monday amid reports its billionaire owner, the nation's second-richest man, had been detained on suspicion of market manipulation.
Huang Guangyu, the 39-year-old founder of Gome Electrical Appliances Holdings, was taken in for questioning over wild fluctuations in the price of a company controlled by his brother, the state-run Caijing magazine said.