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Chinese businessman Yuewen Zheng’s Cayman firm sued by RAAS China for ‘outstanding loans of $59.9M and €17.39M’

The liquidators of Hong Kong-domiciled RAAS China Ltd. have filed a lawsuit in the Cayman Islands against investment firm Creat Group (International) Limited, whose sole director is Chinese businessman Yuewen Zheng, for allegedly outstanding loans of US$59.9 million and €17.39 million.