Caixin
Jun 04, 2015 06:00 PM

Special Effects Firm's Stock Tumbles, as Does a Tycoon

(Hong Kong) – The mysterious Chinese businessman behind a Hong Kong-listed movie special effects company that saw its share price fall by more than 40 percent on June 3 was detained by investigators in Beijing a day earlier, people with knowledge of the matter say.

The sources did not say who detained Che Feng, who owns a stake in Digital Domain Holdings Ltd. His mobile phone was switched off, they said.

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