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Chinese property tycoon faces payment demands on overdue loans, including $147.4m from UOB

The latest lawsuit from Nanyang Commercial Bank follows a separate demand by UOB in March. Read more at straitstimes.com. ....

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Chinese Tycoon Chen Hongtian's Seized Hong Kong Condo Sold for $53.4 Million

Chinese Tycoon Chen Hongtian's Seized Hong Kong Condo Sold for $53.4 Million
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Chinese tycoon Chen Hongtian's seized luxury Hong Kong flat sells for US$53 million, 39% below market price

A 5,154 sq ft flat in Opus Hong Kong, seized from Chen Hongtian earlier this year, has sold for US$53 million to Kwai Sze Hoi, chairman of Hong Kong-listed Ocean Line Port Development, sources say. ....

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Tycoon Chen Hongtian's seized US$86.7 million Frank Gehry-designed Hong Kong flat sells at 38% discount

Receivers have sold Chen Hongtian’s 5,154 sq ft flat in a Frank Gehry-designed development at a discount of 38 per cent after it was seized in February. ....

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