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Page 5 - Chen Hongtian News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chinese tycoon seeks to resolve mortgage defaults, recover assets worth US$127m

Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’…

Tycoon Chen Hongtian blames short-term cash-flow disruption for seizure of Hong Kong properties including Peak house

Chen Hongtian’s company, Cheung Kei Group, cites defaults on ‘several big-ticket accounts receivable’ and ‘abnormal obstacles’ for loss of control over assets including house on The Peak.

Tycoon blames Hong Kong property seizures on short-term cash-flow disruption

Chen Hongtian’s company, Cheung Kei Group, cites defaults on ‘several big-ticket accounts receivable’ and ‘abnormal obstacles’ for loss of control over assets…

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