Toronto Ellie Condos | 105.76m | 31s | G Group | Kirkor
- Thread starter luxome
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sunnyraytoronto
Senior Member
Global News investigative news article mentions G-Group's silent money partner "Lalu Canada" - now "Unexus",... "Over $154M tied to detained Chinese-Canadian oligarch invested in GTA real estate":
globalnews.ca
- "A drab, bluish-green glass office tower just north of Toronto, 50 Minthorn Blvd. is unassuming save for a “Bank of China” sign that sits atop the eight-storey building.",... "But inside, on the first and second floors, is the footprint of companies tied to one of China’s most high-flying oligarchs, Xiao Jianhua. Beijing security agents whisked the Chinese-Canadian billionaire from the Four Seasons Hotel in Hong Kong in a wheelchair five years ago. He hasn’t been heard from since."
- "Piecing together dozens of land title searches and court documents, Global News has found at least six companies connected to Xiao, his wife and her family.",... "The structure of the companies is like a Russian Doll: Close to the centre is HZC Capital — described in legal documents as a Canadian real estate “investment vehicle for funds from China.” HZC, in turn, owns Xiao’s family’s public-facing development companies. One of them was Lalu Canada, which later became Unexus. Sources who worked for these companies say private capital companies run by Xiao’s family and their partners make the major investment decisions.",..."Experts say the way these companies are set up, and some of their transactions in Canada, raise many flags, and questions about whether funds earned from Xiao’s empire in China are being funnelled into Toronto properties."
- "A source with direct knowledge of these financial companies said WinnerMax Capital, the company run by Xiao’s wife and her sister, funded some of the land purchases made by Unexus Group, Lalu Canada, and HZC Capital.",... "“Monies were being advanced by WinnerMax on some of the acquisitions,” said the source, whom Global News has granted anonymity for fear of speaking out. “We used to call it the money from the second floor.”",... "“They were the purse strings and controlling mind of Lalu, absolutely.”"
source: https://globalnews.ca/news/8637896/xiao-jianhua-family-companies-150-million-toronto-real-estate/
Over $154M tied to detained Chinese-Canadian oligarch invested in GTA real estate | Globalnews.ca
Xiao Jianhua, a Chinese-Canadian billionaire, was abducted in 2017. A Global News investigation has found his wife and family are quietly developing massive condos in Canada.
globalnews.ca
- "A drab, bluish-green glass office tower just north of Toronto, 50 Minthorn Blvd. is unassuming save for a “Bank of China” sign that sits atop the eight-storey building.",... "But inside, on the first and second floors, is the footprint of companies tied to one of China’s most high-flying oligarchs, Xiao Jianhua. Beijing security agents whisked the Chinese-Canadian billionaire from the Four Seasons Hotel in Hong Kong in a wheelchair five years ago. He hasn’t been heard from since."
- "Piecing together dozens of land title searches and court documents, Global News has found at least six companies connected to Xiao, his wife and her family.",... "The structure of the companies is like a Russian Doll: Close to the centre is HZC Capital — described in legal documents as a Canadian real estate “investment vehicle for funds from China.” HZC, in turn, owns Xiao’s family’s public-facing development companies. One of them was Lalu Canada, which later became Unexus. Sources who worked for these companies say private capital companies run by Xiao’s family and their partners make the major investment decisions.",..."Experts say the way these companies are set up, and some of their transactions in Canada, raise many flags, and questions about whether funds earned from Xiao’s empire in China are being funnelled into Toronto properties."
- "A source with direct knowledge of these financial companies said WinnerMax Capital, the company run by Xiao’s wife and her sister, funded some of the land purchases made by Unexus Group, Lalu Canada, and HZC Capital.",... "“Monies were being advanced by WinnerMax on some of the acquisitions,” said the source, whom Global News has granted anonymity for fear of speaking out. “We used to call it the money from the second floor.”",... "“They were the purse strings and controlling mind of Lalu, absolutely.”"
source: https://globalnews.ca/news/8637896/xiao-jianhua-family-companies-150-million-toronto-real-estate/
drum118
Superstar
April 04
Undead
Senior Member
Today:
kris
Senior Member
Cladding appears.
Undead
Senior Member
South building looks to have topped off.
fatty
New Member
Last edited:
Today
