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Due to the fact CEO Daniela Riccardi resigned in March, Fortune Fountain shareholder Sun has taken on the part. But, according to the South China Morning Post, this move violates a important clause in the loan. In addition, stability and consistency seem hard to uncover, contemplating that Coco Chu can not be found, while she retains the chairman position. Her absence and lack of commitment preserve the corporation from fulfilling its duties to shareholders. But this is hardly the initially case of overreaching to come from Chinese investors. We can trace the origin of the negligence that led these corporations to chase trophy assets back to 1999 when the Chinese government encouraged local public and private organizations to "zou chuqu" or invest overseas. The South China Morning Post reports that the future of the French crystal maker Baccarat has develop into cloudy. But there’s far more to the story than the usual retail bankruptcy — a frequent theme in this post-COVID-19 globe.
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