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Chinese-Canadian investor Ruby Liu seeks $400M+ purchase of Hudson’s Bay stores, facing financial credibility challenges in Ontario court.
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.
Despite being dubbed a "billionaire" in media reports, she is not listed in Forbes’ 2025 billionaires’ list.
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.
The Hudson’s Bay Company supports her involvement to settle debts.
The case is before Ontario Supreme Court, with Liu’s financial standing and intentions under review.
El inversionista chino-canadiense Ruby Liu busca $ 400M + compra de tiendas de la Bahía de Hudson, enfrentando desafíos de credibilidad financiera en la corte de Ontario.