Photographer: Tomohiro Ohsumi/Bloomberg

`Ip Man' Investor Sinks 37% Amid Reports of Chinese Probe

Updated on
  • Shares tumble by a record in H.K. after surging almost 700%
  • Xinhua New Agency says watchdog examining box office sales

Shifang Holding Ltd., which owns rights to the "Ip Man 3" martial-arts film, plunged by a record in Hong Kong trading after Chinese media reported the government is investigating whether the movie’s box-office receipts have been artificially inflated via ticketing fraud.

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