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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST

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To: marcher who wrote (184033)2/15/2022 8:17:17 PM
From: TobagoJack  Read Replies (1) of 218133
 
Tin foil hat time ... are 'they' doing a raid against a supporter of trump so as to hiccup logistics of 2024?

Close-enough to existential, Guo needs trump to win, just as Trump's family needs Trump to win, and as Bannon needs trump to win

bloomberg.com

NYC Condo Listed at $45 Million Housed Exiled Chinese Tycoon

Guo Wengui has occupied the residence for several years Entity that owns the apartment filed for Chapter 11 in 2020

Blake Schmidt
16 February 2022, 07:40 GMT+8



781 Fifth Avenue in New York.

Photographer: Anthony Behar/Sipa/AP

The 15-room Manhattan condo where exiled Chinese tycoon Guo Wengui has lived for years is on sale for $45 million, about $23 million less than it was purchased for in 2015.

The entity that owns the apartment, Genever Holdings LLC, filed for Chapter 11 protection in 2020. Former bankruptcy judge Melanie Cyganowski was installed to handle the sale process for the apartment, which appeared today on the Serena Boardman website. Documents in the Chapter 11 proceedings said Guo, also known as Miles Kwok, resided at the property, which comprises the entire 18th floor of the building at 781 Fifth Avenue and has views of New York’s Central Park.

Genever Holdings bought the unit in 2015 for $67.5 million, according to New York property records. The listing describes the condo as “perched high atop the prestigious Sherry Netherland Hotel” and suited for “grand entertaining and a big lifestyle.”

Guo was held in contempt last week and ordered to pay $134 million to a creditor after a judge found that the businessman moved a yacht out of U.S. waters to shield it from debt collection.

Read more: Chinese Exile Guo Wengui Held in Contempt, Must Pay $134 Million

The potential loss is yet another example of the turnaround in fortunes for Chinese investors who once fueled New York’s luxury real estate market. Ultra-wealthy tycoon Whitney Duan was involved in the purchase of a condo in a skinny skyscraper on Park Avenue that is now facing foreclosure, while city records show an entity linked to HNA Group sold properties at a loss in Extell’s One57 building.
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