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Author: Shenzhen Creditor Xu Shu
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龙
Longhua Chronicle
Shenzhen Creditor Xu Shu
Urban Romance
3k Words
Ongoing
The developer of the Longhuahui commercial building next to Longhua North Station in Shenzhen ran away. Debts of hundreds of millions and more than 30 merchants with 3.78 Million in rental deposits were suspended. Low-price long-term leases and supplementary price adjustment agreements formed an intractable deadlock. Zhao Ning, the person in charge of asset disposal, abandoned the traditional model of direct foreclosure, splitting, and capital harvesting, and built a three-tier bailout structure
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