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Huang Guangyu, the founder and still-largest shareholder of the electronics retailer Gome, was tried last week on bribery and insider trading charges.
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Huang Guangyu narrowly failed in his bid to unseat Chairman Chen Xiao and another board member and replace them with his sister and lawyer on Tuesday.
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The founder of China's largest electronics retailer, Huang Guangyu, was formally charged Friday with insider trading, bribery and other illegal business dealings, according to state media.
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