Hong Kong billionaire loses half of her fortune in days amid China probe

Hong Kong-based Huabao International's billionaire CEO Chu Lam Yiu's wealth declined by 50% as shares of her company plunged 67% after a Chinese city's supervisory committee began probe into Chu for suspected disciplinary violations. Her net worth stood at $2.6 billion on Monday, down from $5.5 billion on Friday. Huabao provides flavours and fragrances for tobacco, food, personal-care products.