Reported 11 months ago
In Taipei's Nangang District, the substantial tax debt of the Huang family, left by Huang Renzhong, is set to escalate on July 2 as the Shilin Branch of the Administrative Enforcement Agency announced the auction of 27 land parcels under the guarantor's name, aiming to offset the over 1.9 billion overdue tax debts. The land parcels cover a total area of approximately 121,600 square meters with a starting price of 680.4 million yuan, attracting the attention of numerous investors. Apart from land, Huang Renzhong also involved two companies, namely the dating website company 'L-Somewhere Love Around the Corner' and a Japanese cartoon merchandise company, which are now being auctioned by the Shilin Branch to clear outstanding debts from 2015 to 2017.
Source: YAHOO