Chinese billionaire Wang Jianlin's son resolves with creditors
Shortpedia
Content Team
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Mr. Wang Sicong, the only son of the founder and chairman of Chinese conglomerate Dalian Wanda Group Company, finally came up to an agreement with creditors after local courts declared him a debtor and placed curbs on his dazzling lifestyle. The 31-year-old will compensate dozens of investors in his now-bankrupt entertainment firm and will shoulder a loss of almost 2 billion yuan (S$387 million).
