Police probe hits Value Partners’ China JV unit
The HK firm is monitoring a probe and potential default by Shanghai Goldstate Brilliance, a segregated subsidiary of its China JV. The case highlights the risks facing foreign fund houses.
![Police probe hits Value Partners’ China JV unit](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Frenminbi(thinkstock).jpg&c=1&h=677&q=100&v=20253710&w=1204)
Hong Kong’s Value Partners has said it is monitoring a fund misappropriation probe and potential default at the subsidiary of its China joint venture.
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