Regulators have threatened to revoke UCF Pay’s license unless 1.5 billion yuan of embezzled funds is repaid, company says

The conglomerate is under a mountain of debt, and its affiliates have run afoul of the authorities

Troubled conglomerate’s Zhang Zhenxin died Sept. 18 in U.K. of multiple organ failures, according to official death registration

Zhang Zhenxin, businessman who controlled UCF Holdings, died in a London hospital last month of multiple organ failure, the company confirmed

Parent Chong Sing Holdings suspends Hong Kong trading, citing misconduct by online payments provider with 5.4 million users