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Missing HK tycoon's company says 'operating as normal'

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Reuters SHANGHAI
Last Updated : Feb 03 2017 | 7:07 AM IST

SHANGHAI (Reuters) - Tomorrow Holdings, the company run by missing Chinese-born businessman Xiao Jianhua, and its subsidiaries are operating "normally", the firm has said.

Mystery swirled around billionaire Xiao's whereabouts earlier this week, with some reports saying he had been abducted from Hong Kong and taken to mainland China.

A statement purportedly from Xiao posted in a Hong Kong newspaper said he was seeking medical treatment "outside the country".

Hong Kong police told Reuters Xiao had entered mainland China through a border checkpoint on Jan. 27 and that they were seeking more information from Chinese authorities.

Tomorrow Holdings, a financial group headquartered in Beijing, said in a statement on its official microblog late on Thursday its own operations were unaffected.

"The production activities of Tomorrow Holdings and its subsidiaries are operating as normal," the company said in a statement on messaging service WeChat. "We thank everyone for their interest and deep love for Mr Xiao Jianhua and our firm."

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Despite conflicting accounts of Xiao's whereabouts, the case has echoes of the abduction in Hong Kong last year of five staff who worked for a bookseller that published gossip on China's leaders.

Three of those staff were detained while in China, but two with foreign passports were taken there against their will from Thailand and Hong Kong.

Xiao is ranked 32nd on the 2016 Hurun China rich list, China's equivalent of the Forbes list, with a net worth of $5.97 billion.

(Reporting by Adam Jourdan and Ben Blanchard; Editing by Paul Tait)

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First Published: Feb 03 2017 | 6:57 AM IST

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