Nov 18, 2022 05:37 AM

FINANCE

Tahoe Chairman Returns After Eight Months Assisting Investigation

By Niu Mujiangqu and Han Wei

Fujian-based luxury villa developer Tahoe has been struggling with a debt crisis since 2019 and defaulted on billions of dollars of bonds.

Fujian-based luxury villa developer Tahoe has been struggling with a debt crisis since 2019 and defaulted on billions of dollars of bonds.

Huang Qisen, chairman of debt-ridden real estate firm Tahoe Group Co. Ltd., returned to work after an eight-month absence to assist authorities in an investigation, Caixin learned.

Fujian-based luxury villa developer Tahoe has been struggling with a debt crisis since 2019 and defaulted on billions of dollars of bonds. On March 16, the company said in a statement that Huang was assisting investigators, without elaboration.

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