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Li Wei Buys North Tower of Zhongcheng Plaza for Over 1.3 Billion Yuan in Sinopec's Name

2006.05 ·Reported ·Importance IV ·Sources 2 ·Guangzhou, Guangdong

In May 2006, Li Wei, through Huang Songyou, Yang Xiancai and others, signed a contract in the name of Sinopec with a company under Guo Cheng, buying the North Tower of Zhongcheng Plaza in Guangzhou for more than 1.3 billion yuan; the building was sealed up over debt disputes after its completion in 1996.