Excellence Group Chairman Li Wa, one of China’s richest real estate developers, is reportedly back at the company after he was taken away by authorities on Jan. 19 to assist with a government investigation.
Li reappeared at work before the Chinese New Year holiday, Chinese-language China Business News reported on Friday. The Chinese New Year holiday began on Feb. 4 in the mainland and lasted one week.
Li on Feb. 11 was said to have attended a company ceremony to mark the start of the new year. Shenzhen-headquartered Excellence didn’t respond to a phone call by Forbes China on Friday.
Li was taken away and questioned in connection with a government investigation, according to a statement last month by China Chengxin Securities Ratings. It didn’t provide details about the investigation. Chengxin gave Excellence an AA+ rating in June last year on debt sold in 2017.
Li had an estimated fortune worth $3.7 billion and ranked No. 67 on the 2018 Forbes China Rich List.
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