ia Yueting will step down as chief executive of Leshi Internet Information & Technology Corp Beijing
LOS ANGELES: Angry shareholders stormed a public meeting on Monday for beleaguered LeShi Technology, as the company tried to address its financial problems.
The day also saw trouble for companies in the orbit of Dalian Wanda. And the shares of some 500 listed companies dropped by their 10% maximum daily trading limit.
Traders said that Chinese markets were spooked by tightening regulatory control over the financial sector, and by pieces of individual company news. The benchmark Shanghai composite index dropped 1.4% to 3,176 on Monday.
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