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Singapore-based student housing investment manager Shangxuan Tan sued by Chinese-owned Cayman lender over ‘$34M loan’

Amid allegations of fraud, 35-year-old Singapore-based student housing investment manager Shangxuan Tan is being sued by a Cayman Islands firm and its Chinese principal, Yanglong Song, regarding an allegedly outstanding loan of $34 million, with the plaintiffs seeking the appointment of a Receiver for Tan’s North Carolina-based Ivy Fund Manager.