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Sat Mar 10, 2018 12:28 pm
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cheats Hebei city
In 2009 http://www.officialnflbuccaneersstore.com/authentic-luke-stocker-jersey.html , a South Korean company posing as a subsidiary of Hyundai Group signed a cooperation agreement with local authorities in Handan, North China's Hebei Province. The company — Hyundai RNC Construction Co — bought at least 1,846 mu (123 hectares) of land in the city and over the next seven years received 610 million yuan ($88.69 million) in government subsidies for projects it never completed, according to domestic media reports. A Beijing-based company Onechain Group appears to have close ties with Hyundai RNC, given some overlap in management, Guangdong-based newspaper Southern Weekly reported in March. Onechain's capital grew by 400 times over the past few years to roughly 20 billion yuan in 2017. Early in 2015, the company's chairman http://www.officialnflbuccaneersstore.com/authentic-lee-roy-selmon-jersey.html , also the debtor of the Hyundai project in Handan, has reportedly absconded from creditors.
The unfinished Hyundai International Automobile City in Handan, North China's Hebei Province, in February Photo: CFP
A construction company posing as a subsidiary of the South Korean conglomerate Hyundai Group won 610 million yuan ($88.69 million) in local government subsidies for six real estate projects it never completed in a northern Chinese city, domestic media reported.
The newspaper uncovered the deception in February when it discovered that Hyundai RNC had not completed construction on the Hyundai international automobile city project and six residential projects, even though homes had already been sold at several of the developments.