Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt

//Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt

Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt

Zhang Zhenxin, a financial tycoon who controlled a sprawling Chinese business empire spanning peer-to-peer lending to bitcoin mining, has died in London as his conglomerate slid into a debt crisis.Zhang, 48, chairman of UCF Group controller of NCF Group, died in the Chelsea and Westminster Hospital in London on September 18, his company announced in a WeChat post on Saturday night. Zhang, a low-profile businessman who ran three Hong Kong-listed companies, died of multiple organ failure related…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-10-07T11:30:06+00:00 October 7th, 2019|Business|Comments Off on Tycoon Zhang Zhenxin, owner of troubled Chinese financial conglomerate UCF Group, dies aged 48 as company struggles with mountain of debt