So shocking! The Royal Court Plaza, a landmark in Shenzhen's CBD, has suddenly changed ownership, behind which lies a capital defeat worth 5.7 billion!
From Peak to Abyss: The Fall of a Landmark
Once hailed as the 'Diamond Heart of CBD', the Royal Court Plaza is now forced to 'settle debts with assets' due to an inability to repay 3 billion in debts! This core landmark in Shenzhen has ultimately been adjudicated as a debt settlement at a price of 3.053 billion, leaving 50,000 shareholders with nothing.
The Showdown of Father-Son Business Philosophy
This collapse began with a conflict in business philosophies between father and son:
Father Zheng Shijin advocates 'short and quick': rapid development, rapid sales, ensuring safety