A Chinese rich coal tycoon has denied reports he spent 70 million yuan ($11 million) on a lavish wedding for his daughter.

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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