Wang Zhenhua behind bars after his arrest. Photo: toutiao

Future Land offloads eight projects to Jinke Property for US$400 million as it reels from arrest of ex-chair Wang Zhenhua for alleged child sex abuse

  • The disposals will yield only US$80,000 in profit and will have no impact on 2019 results, the firm says
  • The Shanghai-based developer whose former chairman was detained on a charge of child molestation says proceeds will strengthen its balance sheet
Topic |   China property

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Wang Zhenhua behind bars after his arrest. Photo: toutiao
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