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From Billionaire To Possible Bankruptcy: Pan Sutong’s Battle To Save His Real Estate Empire

Pan Sutong bet billions on a massive project to build opulent homes in Tianjin for China’s nouveaux riche—but the gamble backfired and now Pan’s creditors want to seize his assets. P an Sutong’s empire at its peak had few rivals. The 59-year-old property mogul had once amassed a $12.2 billion fortune that included a palatial…

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