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Creditor Seeks Court Order to Block Asset Sales by Fugitive Guo Wengui

By Li Zengxin and Han Wei
Guo Wengui in June listed the seven-bedroom apartment overlooking Central Park for $78 million. Photo: Brown Harris Stevens.
Guo Wengui in June listed the seven-bedroom apartment overlooking Central Park for $78 million. Photo: Brown Harris Stevens.

(New York) — A hedge fund asked a New York state court to block China’s fugitive businessman Guo Wengui from selling his luxury Manhattan apartment, citing concerns that Guo is attempting to leave the U.S.

Pacific Alliance Asia Opportunity Fund (PAX), a hedge fund affiliated with Hong Kong investment firm Pacific Alliance Group, sued Guo in New York in April, claiming $88 million in defaulted debts.

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