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The mystery document holding up China’s sale of Anbang hotels

A legal fight over the ownership of US assets threatens to embarrass the Chinese Communist party

When South Korean asset manager Mirae pulled the plug on a $5.8bn hotel deal with China’s Anbang in April, it looked like one more casualty of the coronavirus outbreak. The acquisition agreed in September 2019 had dragged on into the pandemic, which has devastated the hotel industry. Mirae’s last-minute termination of the deal in April…

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