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Jul 21, 2024 · One investment was in Alibaba Pictures, a film and television company. Mr. Huang and his wife, Zhao Wei, paid about $400 million to acquire a 9 percent stake. But the couple paid for it with...
Jul 21, 2024 · Mr. Huang was sued in Hong Kong for millions in unpaid debts. His wife, Ms. Zhao, has not appeared in a movie since 2019, though some references to her on the Chinese internet have been...
Jul 21, 2024 · The deal took weeks to negotiate, and both Mr. Huang and his wife were a regular presence in the talks, recalled one former senior Reorient executive who was not authorized to speak publicly about the deal. Mr. Huang acted as “Jack’s eyes and ears,” the executive said.
- Where Did Xiao’s Money Go?
- ‘National Significance’
- The Chateau
- Calls For A Beneficial Ownership Registry
As early as 2008, Xiao’s family was setting up a financial foothold in Canada. Xiao’s brother-in-law, Fan Yanfeng, established the China Resource Allocation Corp., which listed his director’s address at a condo in southern Ontario’s winery region, Niagara-on-the-Lake. But it wasn’t until 2015 that Xiao’s family began snapping up development sites a...
Financial crime experts and political observers say the case raises questions about how Winnermax was able to secure its funding in Canada as China imposes a capital export limit of US$50,000 per year on every citizen. If the transfers don’t follow legal and transparent methods, it raises questions about money laundering. Matt McGuire, a Toronto-ba...
The investments didn’t only go into commercial real estate. The key directors of these companies also bought properties in the GTA’s most exclusive postal codes. The group even has real estate in British Columbia, with one HZC Capital director listing his address at a $1.6-million home in Coquitlam, a suburb of Vancouver. Unexus director Fan and hi...
With many of the properties tied to Xiao’s family members purchased using numbered or holding companies, financial crime experts say this case highlights the urgent need for a national beneficial ownership registry, a publicly searchable database that would store details about who actually owns and controls private companies. McGuire said Canada’s ...
Jul 9, 2022 · He lived a life of luxury surrounded by a hand-picked all-female security delegation. They weren’t up to the job. Xiao was kidnapped five years ago from a hotel in Hong Kong.
Aug 19, 2022 · Billionaire Xiao Jianhua jailed for 13 years in China. 19 August 2022. CUHK. The trial of Xiao Jianhua, seen here in a file picture, was said to have begun on 4 July. A Chinese-Canadian...
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Jul 4, 2022 · People who engaged in restructuring talks with Tomorrow Group told the FT in May that Xiao’s wife, Zhou Hongwen, was in Canada and had been dealing with some of the group’s asset...
