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.
