Posted inBeijing, China

Property of fugitive tycoon Guo Wengui to be auctioned

Properties owned by fugitive Chinese billionaire Guo Wengui, including 41 condos and 19 offices in Beijing worth a total of eight billion yuan (US$1.2 billion), will be auctioned by the end of this month, according to a court in the capital. A judicial auction notice said Guo’s assets – at the torch-shaped, 410,000-square-meter Pangu Plaza commanding […]

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