What in the name of the Birds’ Nest is going on in China? After 500+ posts on Securities Docket we’d never once had a “China” story, until today.
First, as discussed here earlier, the “richest person in China” is reportedly detained and questioned by police for alleged stock manipulation. Now, on the same day, we also have a report from the China Post that Jeffrey Koo, Jr., Chinatrust Financial Holding’s CEO who has been wanted for alleged insider trading, was freed late last night on NT$100 million bail following a 10-hour questioning session by prosecutors. Koo had been living overseas as a fugitive for two and a half years, but returned to Taipei to face the prosecutors’ probe.
We’re going to need a new China “tag” to keep track of all of this activity!
