Creditors of Peking University Founder Group will meet by the end of May to vote on a restructuring that will see Ping An Insurance lead a takeover of a portfolio of attractive businesses and jettison a rump of worthless assets

Nearly 1.1 billion shares in Founder Securities owned by Guo’s Beijing Zenith to be sold as part of ongoing disposal of tycoon’s assets

Insurance giant would pay up to $7.9 billion for 51.1% to 70% of reorganized conglomerate following defaults

Action may reflect concern that brokerage could funnel proceeds to bankrupt parent Founder Group, people close to Founder Securities say

With majority control secured, Swiss banking giant is set to revive floundering venture, lay off investment banking staff

Investment bank plans to raise its stake in Credit Suisse Founder Securities from 33.3% to 51%

Founder Group concealed its connected-party relationships with three other shareholders of subsidiary Founder Securities, regulator says

Supply-side reform has paved way for growth wave, some economists argue, but doubters point to price pressures hurting some investment

Making bombastic promises, Chinese tycoon raised $3 billion from the Abu Dhabi royal family, most of which he sunk into a bad investment and personal extravagances including a yacht