Reported 7 months ago
According to Mirror Weekly, the founder of Taoyuan Hall of Fame Garden Hotel, Hong Tengsheng, faced a financial crisis recently. After borrowing a total of 60 million for 4 times earlier this year, using his brother's hotel shares as collateral, Hong's attitude changed drastically when half of the borrowed amount vanished and the hotel faced financial difficulties. His brother, Hong Ruilin, shifted from nonchalant approval to stating that even their brother owed them money now. Creditors are now seeking the family's accountability for the debt.
Source: YAHOO