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Chinese Estates (0127): the vendors were independent
Company announcement, 19-Apr-2012
Comment: Chinese Estates still does not disclose who owned the BVI vendors of Moon Ocean, and does not disclose whom Moon Ocean acquired the land from. It does not repeat the 2005 claim that the BVI Lender of a $750m facility to Moon Ocean was an Independent Third Party. In a Macau court, Steven Lo Kit Sing has said that he borrowed the money from Joseph Lau.
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