Hong Kong Billionaire Loses Half Her Fortune on China Probe

(Bloomberg) — A record stock plunge for a flavoring and fragrances company has erased half of its chairwoman’s wealth, in the latest example of fortunes getting lost and a reminder for investors of the risks in Asia’s wild markets.

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Huabao International Holdings Ltd. sank 67% in Hong Kong trading after the company said a supervisory committee for Leiyang, a city in China’s Hunan province, is probing Chairwoman Chu Lam Yiu for suspected disciplinary violations….

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