Trade Resources Industry Views Founder of a Chinese Metal Exchange Vanishes

Founder of a Chinese Metal Exchange Vanishes

Dec 22, 2015

Tags: Chinese executive, missing, Shan Jiuliang

A top Chinese executive involved in a big investment scandal has been reported missing.

Shan Jiuliang, the chairman of Hong Kong-listed Imagi International Holdings, was last spotted at a board meeting in mid-October.

According to a stock exchange filing, Shan has not attended any meetings since then, and the company has not received any notifications from him.

Shan is at the center of an ongoing investment scandal at Fanya Metals Exchange, a trading platform he founded five years ago.

At its peak, Fanya was handling nearly 7 billion US dollars in assets for over 200-thousand investors.

In July, more than 4 billion dollars in investments were frozen by the exchange.

Investors also stopped receiving payments from Fanya.

Source: http://english.cri.cn/12394/2015/12/21/4081s909310.htm

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