True. Many times the better option is to liquidate the assets and get out. No sense in pouring more money in a company that's making losses while all you are doing is paying off it's debts. This is the sole reason why corporations exist to begin with. This situation has absolutely nothing to do with Li's financial stability or power.
Having said all that, I am not saying the guy is financially stable. I have no idea. I'm just commenting on this one piece of news and how the media are making it seem like the guy himself is bankrupt. Very misleading story.
As I've said many times, my opinion is that there are others involved in this deal. I don't think Yonghong Li is capable enough to pull off this operation by himself. He somehow managed to get 340mil in off-shore funds that the public has no idea where it came from. Notice, I say the public, because I'm sure the authorities know exactly where that money came from.
Having said all that, I am not saying the guy is financially stable. I have no idea. I'm just commenting on this one piece of news and how the media are making it seem like the guy himself is bankrupt. Very misleading story.
As I've said many times, my opinion is that there are others involved in this deal. I don't think Yonghong Li is capable enough to pull off this operation by himself. He somehow managed to get 340mil in off-shore funds that the public has no idea where it came from. Notice, I say the public, because I'm sure the authorities know exactly where that money came from.