Property News · July 19, 2019

Creditors put fugitive Guo Wengui’s dragon head-shaped Pangu Plaza on the auction block at a steep discount to recoup debt


An iconic office and hotel building in Beijing formerly controlled by the Chinese fugitive Guo Wengui will go on the auction block on August 19, as his creditors sell his forfeited assets to recoup debt.Pangu Plaza Tower 5, a 39-storey building shaped like a dragon’s head next to the Bird’s Nest Olympic Stadium in Beijing, will open for bids for 24 hours from 10am on August 19 on Alibaba’s Taobao e-commerce site. The building, glimpses of which could be seen in Paramount Picture’s 2014…

Source : South China Morning Post
Read more…Creditors put fugitive Guo Wengui’s dragon head-shaped Pangu Plaza on the auction block at a steep discount to recoup debt

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