Douglas Todd: Billionaire Weihong Liu, who is trying to buy up much of the troubled Hudson’s Bay Company, says she is a citizen of China. And that’s where she lists her current address
A Canadian court case has provided insights into the convoluted world of the trans-national rich.
Weihong (Ruby) Liu — who has acknowledged she was a leading member of business organizations in China created by the Communist Party to advance the government’s agenda — now owns three shopping malls and a golf course in B.C.
Often described by Canadian media outlets as a “Vancouver-based billionaire,” Liu has launched contentious court proceedings in Ontario to buy 25 store leases from Canada’s oldest retailer, The Hudson’s Bay Company, which is in bankruptcy protection. Landlords are opposing her bid, in which she says she is prepared to invest $469 million.
(Incognito)
