China Regional Lender Bank of Guiyang Files Lawsuit Against China Billionaire & Copper Tycoon Wang Wenyin Amer International Group Unit to Recover $239 Million of Unpaid Loans
10th February 2024 | Hong Kong
China regional lender Bank of Guiyang has filed a lawsuit against China billionaire & copper tycoon Wang Wenyin Amer International Group unit to recover $239 million (CNY 1.7 billion) of unpaid loans. Amer International Group unit Guizhou International Commodity Supply Chain Management Co. had received the loan in 2021, with parent Amer & founder Wang Wenyin providing guarantees to the loan. In September 2023, China billionaire & copper tycoon Wang Wenyin of Amer New Material ban had been lifted China court from high-end & non-essential spending due to contract disputes. Wang Wenyin was allowed to spend only on daily life & work essentials, including not able to take planes & stay in star-rated hotels.
“ China Regional Lender Bank of Guiyang Files Lawsuit Against China Billionaire & Copper Tycoon Wang Wenyin Amer International Group Unit to Recover $239 Million of Unpaid Loans “
Hong Kong-Born & Singapore Citizen Philip Chan Man Ping to be Tagged as Politically Significant Person under Foreign Interference Act 2021 Requiring Annual Disclosure of Political Donations of S$10,000 Equivalent to $7,430, Philip Chan Manages Real Estate Portfolio for China Billionaire & Copper Tycoon Wang Wenyin as Managing Director of Wen Way Investments Which is a Property Unit of Amer International Group
10th February 2024 – Hong Kong-born & Singapore citizen Philip Chan Man Ping had received a notice to be tagged as “Politically Significant Person” under Singapore Foreign Interference Act 2021, requiring annual disclosure of political donations of above S$10,000 (equivalent to $7,430). Philip Chan manages real estate portfolio for China billionaire & copper tycoon Wang Wenyin, as the Managing Director of Wen Way Investments (property unit of Amer International Group). The Foreign Interference (Countermeasures) Act (FICA) was passed in Parliament on 4 October 2021. The legislation provides measures to prevent, detect and disrupt foreign interference in our domestic politics conducted through (i) hostile information campaigns (HICs) and (ii) the use of local proxies. The provisions to counteract foreign interference via HICs will take effect from 7 July 2022, while the provisions to counteract foreign interference via local proxies will come into force at a later stage.
China Billionaire & Copper Tycoon Wang Wenyin of Amer New Material Ban Lifted by Court on Restriction of High-End & Non-Essential Spending Due to Contract Disputes, Allowed to Spend only on Daily Life & Work Essentials
9th September 2023 – China billionaire & copper tycoon Wang Wenyin of Amer New Material ban had been lifted China court from high-end & non-essential spending due to contract disputes. Wang Wenyin was allowed to spend only on daily life & work essentials, including not able to take planes & stay in star-rated hotels.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
