Inflated Assets of an Asian Family-Owned Conglomerate
Grapevine assisted a private equity investor map out a Asian family-owned conglomerate’s diversified assets and capital situation. Like many privately run companies, this conglomerate built up its empire by sucking up funds from both local government’s policy-driven subsidies and foreign investment from institutions with superficial knowledge about the business environment in Asia. The company told fraudulent stories about its market dominance, high-tech ambitions, and over
