Coal tycoon denies splurging in Sanya on daughter’s wedding
Xing Libin, reported to be on one of the wealthiest men in Shanxi province, was accused of spending the money on the ceremony including a grand gala staged by famous performers and singers, booking out several five-star hotels and three chartered planes to transport the guests.
But China Daily Friday quoted him as telling Global People magazine that the reports were wrong. He added: "It’s not a sin to be rich."
He said the wedding ceremony was combined with two other activities: an opening ceremony of a property project for his company in Hainan province and the company’s 10th anniversary.
"I’ve no idea how the figure of 70 million come about," he said.
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