Money manager disappears with $313m from Chinese builder
China Fortune Land Development says it has lost contact with a British Virgin Islands wealth manager.
Source: bbc.com
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Money manager disappears with $313m from Chinese builder
China Fortune Land Development says it has lost contact with a British Virgin Islands wealth manager.
Source: bbc.co.uk
Investment company goes missing with $313 mn of Chinese builder's money
A company that was once one of China's biggest property developers says it has "lost contact" with a wealth manager that has $313m of its money, BBC reported.China Fortune Land Development says British Virgin Islands-registered China ...
Source: prokerala.com
US$313 million from Chinese developer disappears
China Fortune Land Development Co (華夏幸福) said it has been unable to get hold of a money manager that it gave US$313 million for investment, casting a shadow over the profit outlook of the debt-laden developer. Fortune Land has “lost contact” with China Create Capital Ltd (中創資本), a British Virgin Islands-registered firm to which it handed more than US$313 million in 2018 in hopes of receiving an annual return of 7 to 10 percent through next year, it said in a filing with the Shanghai bourse late on Wednesday. The Beijing-based developer has reported the matter to the local p...
Source: taipeitimes.com
$313 Million Of Distressed Land Developer China Fortune's Cash Apparently Just Disappeared Into Thin Air
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com