The billionaire founder of one of China’s most famous fashion brands has returned to work a week after his company said he had gone missing, the latest in a series of entrepreneurs and financiers apparently embroiled in Beijing’s anti-corruption campaign.
Metersbonwe, one of the best known brands on the Chinese high street, said in a statement to the Shenzhen stock exchange on Friday that founder Zhou Chengjian, China’s 62nd richest man with a fortune of Rmb26.5bn ($4bn) last year, was back at work along with Tu Ke, board secretary.
In a statement on January 7 the company said it was unable to reach either man and that its shares were suspended while company officials investigated media reports that Mr Zhou had been detained by police. No details of the disappearance were given in Friday’s statement.
However, shares in the company will remain suspended until at least February 5, a further statement said, adding that the company planned a “major asset restructuring”.