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Actor Li Yapeng's Snow Mountain Art Town Project Has Been Declared Bankrupt
Summary by 大纪元 Epoch Times
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The Lijiang Snow Mountain Art Town, developed by mainland actor Li Yapeng, was recently petitioned for bankruptcy by its controlling shareholder. Li Yapeng is currently the company's second-largest shareholder. A lawyer specializing in the industry stated that if the Snow Mountain project's assets are insufficient to cover all its debts, the original shareholders' equity value will essentially be reduced to zero.
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