CEO of Danke is Investigated, Involving CNY 600 Million State-Owned Assets
On June 18, 2020, Danke Apartment stated that founder and CEO Gao Jing is currently under investigation by relevant local government departments, involving CNY 600 million state-owned assets.
Danke hopes to establish a centralized long-term rental apartment equity investment fund with CNY 8 billion. The initial fund size is no less than CNY 3 billion, and this state-owned asset of Huaqiao is exactly Danke's leverage for greater social capital.
This investment does not comply with the normal investment decision-making process. From 2017 to the first quarter of 2020, Danke has accumulated losses of CNY 6.31 billion.
This text is a result of machine translation.
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