HONG KONG: Gay Giano Chairman Quits Amid Fraud Probe
Fashion chain Gay Giano announced on Tuesday that its chairman Cheung Sing Chi had quit after he was accused of securities fraud. The firm issued a statement in which it said that Cheung - who owns a 60 per cent stake - and his sister and brother-in-law would stay as executive directors. It also plans to employ Cheung as a fashion consultant.
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