Lack of confidence in Gome, once the richest man in China sells 20% stake

https://www.youtube.com/watch?v=YoWmL0PLJ1M

Huang Guangyu, who used to be a former richest man in China, has been selling a large number of shares at Gome Holdings. His company is facing a possible liquidation by its suppliers. According to Sohu, Huang was the richest man in mainland China three times, in 2004, 2005 and 2008, on the Hurun Report.