☨St Louis IX opposed paganism, hæresy \x26 debauchery
China Observer
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Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "World’s Largest 1.62 Million Unfinished Units; 6 Million Homeowners Face Potential Homelessness" video.
📉 The arrest of the chairman of Evergrande Group, Shu Jin, and his son signals the potential collapse of China's largest property developer and financial empire.
00:07
Several senior executives of Evergrande Group were also detained.
Shu Jin's arrest stemmed from allegations of faking a divorce to transfer assets to the state.
The arrest may lead to the domino effect and the collapse of Evergrande.
💸 Shujin has shifted some of his assets abroad through a technical divorce with Ding, resulting in Ding receiving a significant portion of dividends from offshore companies.
04:11
Shujin's assets worth around 100 billion yen have been shifted abroad through a technical divorce with Ding.
Ding received a significant portion of dividends from offshore companies controlled by Shujin.
Shujin's second son, Shu Tangu, is also under investigation and recently sold his lavish mansion in Los Angeles.
🏢 Evergrande, a leading real estate company in China, faces financial difficulties, leaving homeowners in distress.
08:03
Homeowners in Wuhan express frustration over unfinished properties and financial stress.
Evergrande's founder, Shu Jin, expanded the company into various industries, including electric vehicles and sports.
Evergrande's success was supported by the Chinese Communist Party.
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