Chinese casino tycoon goes missing, firm's stock falls 33%
Casino operator Landing International Development's Hong Kong-listed shares fell as much as 33% on Friday after the company said its tycoon Chairman Yang Zhihui went missing. The Chinese ex-billionaire holds a 50.5% stake in Landing, which has a market value of around $1.2 billion. This comes just two weeks after the company's $1.5-billion Philippine project was halted by the government.