• 11/26/2024

Chinese tycoon Chen Hongtian’s embattled Cheung Kei Group to sell equity in offshore assets to overcome cash crunch

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Cheung Kei Group plans to offload equity in two properties located in Canary Wharf, London to help mitigate its cash flow problems and said its asset quality was high and debt ratios low relative to its peers.

https://www.scmp.com/business/article/3222273/chinese-tycoon-chen-hongtians-embattled-cheung-kei-group-sell-equity-offshore-assets-overcome-cash?utm_source=rss_feed