Chinese tycoon Chen Hongtian faces over $200m loan repayment demands from banks for personal guarantees.
Chinese tycoon Chen Hongtian, who owns mansions and offices in Hong Kong and London, faces demands from banks to repay over $200m of loans for which he and his family provided personal guarantees. Nanyang Commercial Bank Ltd. has demanded payment from Chen and his wife for five overdue term-loan facilities totaling $102m. Chen's property investment company, Cheung Kei Group, has been affected by liquidity issues.
April 22, 2024
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