China’s Fiscal Crisis, CCP Seizes $500M from China’s Hottest Supermarket—Owner: Death Over Surrender
China’s Fiscal Crisis, CCP Seizes $500M from China’s Hottest Supermarket—Owner: Death Over Surrender
Udumbara
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According to rumors, Yu Donglai made this move because the local government in Henan had its eyes on the 4 billion yuan in Pang Dong Lai’s accounts and wanted the company to take over a problematic project from the government. The funding gap for this project happened to match the 4 billion yuan in Pang Dong Lai’s accounts, so Yu Donglai decided to distribute the assets as stock, tying the company's interests with its employees to form a solid defense against government interference.
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