Overseas Chinese Town is a state-owned enterprise that lost 80 billion yuan, and its subsidiary Konka Group lost 20 billion yuan, totaling a round number. The Overseas Chinese Town under the Shenzhen State-owned Assets Supervision and Administration Commission is also struggling and is seeking help from the Shenzhen SASAC for direct capital injection or asset infusion, otherwise it will face collapse.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Overseas Chinese Town is a state-owned enterprise that lost 80 billion yuan, and its subsidiary Konka Group lost 20 billion yuan, totaling a round number. The Overseas Chinese Town under the Shenzhen State-owned Assets Supervision and Administration Commission is also struggling and is seeking help from the Shenzhen SASAC for direct capital injection or asset infusion, otherwise it will face collapse.