Pangu Tower, a high-rise office building north of the 4th Ring Road, is pictured in Beijing on August 15, 2019. Photo: Simon Song
Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui
- Pangu Plaza Tower 5 houses a luxury hotel and IBM China’s office next to the Bird’s Nest Olympic Stadium in the Chinese capital
- The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood
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Guo Wengui
Pangu Tower, a high-rise office building north of the 4th Ring Road, is pictured in Beijing on August 15, 2019. Photo: Simon Song