Jailed tycoon loses battle for Gome

Shareholders back management but reject plan to issue new shares

BEIJING - Jailed tycoon Huang Guangyu lost his battle to wrestle back control of Gome Electrical Appliances, China's second largest electronics retailer, in Hong Kong on Tuesday evening.

Shareholders voted against replacing Huang's successor and former protege, Chen Xiao, and another top executive, with Huang's sister and one of his lawyers.