Hong Kong investor ‘owed US$91M’ seeks Receivers for ‘insolvent’ Chinese real estate portfolio of Cayman’s Oakwise Value Fund

Claiming it cannot redeem an investment of more than US$91 million, Hong Kong-based CMB International Securities has applied for Receivers to be appointed for an “insolvent” segregated portfolio of Eric Wang’s Cayman Islands mutual fund Oakwise Value Fund that invested in “the real estate market in China”.