Jimmy Lai, then the majority shareholder in clothing retailer Giordano, sold 191 . 53 million shares through Crosby on Feb . 27.
A failed foray into cyberspace also singed Jimmy Lai, the outspoken media baron who owns Hong Kong's most popular newspaper, Apple Daily.
It is understood that the group's Beijing store was closed in August, 1994, because Jimmy Lai criticised the authorities in his Next magazine.
"We should be ready to list in eight months, " said Jimmy Lai, the clothing magnate who set up Next eight years ago.
One publisher who has remained defiantly critical is Jimmy Lai, owner of Next Media, the company having trouble finding backers for its stock flotation.
Jimmy Lai, a Hong Kong media magnate known for his criticism of China, was robbed in his home by knife-wielding intruders in December 1995.
"He [ Jimmy Lai ] is too well associated with the company though he had sold all of his stake, " an analyst said.
Hong Kong businessman Jimmy Lai has sold his entire interest in the fashion retail group Giordano that he founded, a Hong Kong brokerage said Wednesday.
The case of Jimmy Lai, the former chairman of Hong Kong clothing retailer Giordano Holdings, is also indelibly stamped on the minds of local businessmen.