Pan Sutong, who owns several race horses, seen here at the Sha Tin racecourse in 2016. Photo: Handout
Pan Sutong, who owns several race horses, seen here at the Sha Tin racecourse in 2016. Photo: Handout

Hong Kong property tycoon loses billions as business empire unravels in battle with debt collectors

  • Pan Sutong has slipped from Asia’s fourth-richest person in 2015 amid struggles to fend off creditors and keep Goldin afloat
  • Even a US$1.1 billion loan in September from CK Asset Holdings, backed by Hong Kong’s Superman Li Ka-shing, was not enough to help Goldin

Topic |   Hong Kong property
Pan Sutong, who owns several race horses, seen here at the Sha Tin racecourse in 2016. Photo: Handout
Pan Sutong, who owns several race horses, seen here at the Sha Tin racecourse in 2016. Photo: Handout
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