Key Points:
- Zhu Su wife sells Singapore mansion, originally bought for $28.5 million, redeveloped and sold for $38.5 million amid scrutiny on 3AC’s assets.
- The recent sale of Zhu Su’s wife’s Singapore mansion highlights ongoing financial pressures surrounding Three Arrows Capital’s asset situation.
Zhu Su wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three Arrows Capital
Zhu Su Wife Sells Singapore Mansion for $38 Million Amid Asset Freeze
Meanwhile, and in the middle of the scrutiny following the collapse of Three Arrows Capital, Zhu Su’s wife managed to sell her Singapore luxury property for S$51 million, or about $38.5 million. The sale was completed this October after its signing in July. It happened amid scrutiny by authorities into assets linked to Zhu Su and his co-founder Kyle Davies. It was first bought over by Evelyn in 2020 for S$28.5 million and subsequently redeveloped into a good-class bungalow, which almost immediately appreciated substantially in value despite the tumultuous financial position of 3AC.
The Dalvey Roadhouse was sold to Singaporean Chrispianto Karim, linked to Indonesia’s highly connected Karim family of the Musim Mas Group. This sale goes ahead despite a worldwide freeze on various of Zhu’s other assets, as The liquidator for 3AC-pursues claims for creditors owed roughly $3.3 billion. Other constrained assets include other Singapore properties on Yarwood Avenue and Balmoral Road. The sale underlines the intricate nature of the legal and financial twists and turns related to 3AC’s collapse and the high-end assets of its founders, according to Bloomberg.
Read more: OX Price Crash By Over 50% After The Arrest Of Zhu Su
3AC Co-Founder Zhu Su’s Wife Cashes Out on Singapore Mansion
Three Arrows Capital was an influential crypto hedge fund that filed for bankruptcy in 2022 after a series of bad investments and a general market downturn. The aftermath of its collapse included Singapore regulators imposing a nine-year financial ban on Zhu Su and his co-founder Kyle Davies, along with asset freezes.
Despite those measures, the sale got approved and went through in October, in the latest event in a protracted liquidation and restructuring process. Chrispianto Karim, who also purchased Dalvey Road, is connected to an influential Indonesian business family.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Zhu Su Wife Sells Singapore Mansion for $38 Million
Key Points:
- Zhu Su wife sells Singapore mansion, originally bought for $28.5 million, redeveloped and sold for $38.5 million amid scrutiny on 3AC’s assets.
- The recent sale of Zhu Su’s wife’s Singapore mansion highlights ongoing financial pressures surrounding Three Arrows Capital’s asset situation.
Zhu Su wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three Arrows Capital
Zhu Su Wife Sells Singapore Mansion for $38 Million Amid Asset Freeze
Meanwhile, and in the middle of the scrutiny following the collapse of Three Arrows Capital, Zhu Su’s wife managed to sell her Singapore luxury property for S$51 million, or about $38.5 million. The sale was completed this October after its signing in July. It happened amid scrutiny by authorities into assets linked to Zhu Su and his co-founder Kyle Davies. It was first bought over by Evelyn in 2020 for S$28.5 million and subsequently redeveloped into a good-class bungalow, which almost immediately appreciated substantially in value despite the tumultuous financial position of 3AC.
The Dalvey Roadhouse was sold to Singaporean Chrispianto Karim, linked to Indonesia’s highly connected Karim family of the Musim Mas Group. This sale goes ahead despite a worldwide freeze on various of Zhu’s other assets, as The liquidator for 3AC-pursues claims for creditors owed roughly $3.3 billion. Other constrained assets include other Singapore properties on Yarwood Avenue and Balmoral Road. The sale underlines the intricate nature of the legal and financial twists and turns related to 3AC’s collapse and the high-end assets of its founders, according to Bloomberg.
Read more: OX Price Crash By Over 50% After The Arrest Of Zhu Su
3AC Co-Founder Zhu Su’s Wife Cashes Out on Singapore Mansion
Three Arrows Capital was an influential crypto hedge fund that filed for bankruptcy in 2022 after a series of bad investments and a general market downturn. The aftermath of its collapse included Singapore regulators imposing a nine-year financial ban on Zhu Su and his co-founder Kyle Davies, along with asset freezes.
Despite those measures, the sale got approved and went through in October, in the latest event in a protracted liquidation and restructuring process. Chrispianto Karim, who also purchased Dalvey Road, is connected to an influential Indonesian business family.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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