ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Consumer

Detention of China's 'tobacco fragrance queen' confounds company

Huabao International ponders how to manage without Zhu Linyao and her son

Zhu Linyao, seen here in 2007, is now "under residential surveillance at a designated location,” language usually used in China to indicate a person is being investigated for corruption.   © AP

HONG KONG -- Chinese tobacco flavoring maker Huabao International Holdings is pondering how to manage without its controlling shareholder, chairwoman and chief executive -- "fragrance queen" Zhu Linyao.

Zhu was once celebrated by the People's Daily for ranking among the world's "10 richest self-made women." But according to a filing to the Stock Exchange of Hong Kong late Wednesday, Huabao has learned from her family that she is "currently placed under residential surveillance at a designated location," language usually used in China to indicate a person is being investigated for corruption.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more