# state assets

Guangzhou Power Broker Arrested: Female Investor Who Built Control of Three Listed Firms Taken Into Custody, Clouding Corporate Empire

A high-profile Guangzhou investor, Xiong Haitao, who controls three A-share listed companies, has been detained and is under investigation, prompting simultaneous company disclosures and raising corporate-governance concerns. The arrest leaves ownership unsettled because a planned share transfer to a state-owned buyer is not yet registered, creating material uncertainty for the firms and their investors.