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Ma Xingrui Officially Expelled from Party and Public Office

07.14 ·Verified ·Importance V ·Sources 2 ·China

Ma Xingrui was officially announced to be "expelled from the Party and public office" (expelled from Party membership and dismissed from public office). The notification disclosed issues involving his relatives, close staff, cadre appointments, and engineering contracts, and pointed out that he did not truthfully explain issues during organizational inquiries.

Huacheng Group transfers Yuemeng project to Evergrande

2017.05 ·Hearsay ·Importance IV ·Sources 1 ·Shenzhen

Three days after acquiring full equity in the Yuemeng project, Huacheng Group resold it to Evergrande, with the transaction involving an M&A fund established by CITIC Bank.

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