The saga of Anbang Insurance Group’s sale of its $5.8 billion U.S. hotel portfolio has yet another wrinkle. The would-be buyer, South Korea’s Mirae Asset Global Investments, is now countersuing the entity in control of the Chinese insurer’s assets for the return of its $582 million deposit, accusing it of breach of contract and committing fraud. It comes after Anbang slapped Mirae with a suit last month intended to get the court to enforce the
source https://therealdeal.com/2020/05/22/buyers-remorse-how-anbangs-5-8b-hotel-deal-went-sideways/
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