The Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTOThe Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTO
The Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTO

Statement purportedly by Chinese oligarch’s Tomorrow Group hits back at regulators for breaking up Xiao Jianhua’s conglomerate

  • In an unsigned statement released via Tomorrow Group’s WeChat account over the weekend, the conglomerate pointed to several procedural questions that implied that financial regulators were so set on taking over the group’s assets that they ignored the debt-restructuring efforts already under way
  • Hours after appearing on WeChat, the statement was removed for “breach of rules,” according to an automated notice on the social network app, and could not be found on Tomorrow Group’s website

Topic |   Xiao Jianhua
The Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTOThe Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTO
The Tomorrow Group’s building in Beijing on February 1, 2017. Photo: Agence France-Presse PHOTO
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.