[4] In 2006, he was forced by regulations to sell off 25% of GOME Group, as listed in Hong Kong, making his net worth US$2.5 billion, according to some sources.
On November 24, 2008, the Hong Kong Stock Exchange indefinitely halted trading shares of GOME, amid reports of a police investigation of Huang Guangyu, the company's Chairman, executive director and Controlling Shareholder.
[6] Furthermore, Huang was reported to be charged with alleged stock market manipulation, on which police declined to comment,[7] according to the state-run China Daily newspaper.
[8] In 2010, a Chinese court sentenced Huang Guangyu to 14 years in prison, a punishment that observers considered likely to be seen as a warning to the country's business executives.
[11][12] On June 24, 2020, Huang was released on probation from prison after his term was reduced by 22 months for good behaviour.