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flag Chinese-Canadian investor Ruby Liu seeks $400M+ purchase of Hudson’s Bay stores, facing financial credibility challenges in Ontario court.

flag Ruby Weihong Liu, a Chinese national and Canadian permanent resident, is seeking to buy multiple former Hudson’s Bay stores across Canada, pledging over $400 million in redevelopment. flag Despite being dubbed a "billionaire" in media reports, she is not listed in Forbes’ 2025 billionaires’ list. flag Landlords including Cadillac Fairview and Cambridge Ivanhoe challenge her financial credibility, calling her assets an "empty shell" and her plan unrealistic, while she maintains her investment is viable. flag The Hudson’s Bay Company supports her involvement to settle debts. flag The case is before Ontario Supreme Court, with Liu’s financial standing and intentions under review.

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