Andile said their relationship dates back to January last year when his Blue Crane Capital partnered with Chen, to form a company called Blue Tree International, noting that the partnership was formed with the purpose of acquiring a majority shareholding stake in Mercantile Bank, which was up for sale at the time. Ramaphosa jr however pulled out of the bid after careful consideration.
Chen, who leads Hong Kong-listed company Sino Energy International, among other business enterprises,"was able to validate his financial muscle through the strength of his balance sheet – about R2bn was required to acquire Mercantile Bank".
I’m sure Ramaphosa regrets making this child 🤦🏼♀️ he is a problem
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andile Ramaphosa cuts ties with implicated Chinese businessmanPresident’s son also hires law firm to review his business partnerships
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »