China’s GOME Appoints New Chairman

With former chairman the subject of a widening police probe, ’s top retailer has appointed former chief executive Xiao Chen as its new chairman. From Reuters:

Gome’s chief executive, Xiao Chen, had been appointed chairman, the company said in a statement to the stock exchange on Sunday.

Chen had been running Gome since Huang vanished in November. The investigation has since widened to include high-ranking officials in the , magazine reported this weekend.

The head of the Ministry of ’s economic investigation bureau, Zheng Xiaodong, had been detained for investigation along with a subordinate, Caijing reported. Zheng is also the top aide to the minister of public security.

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