Part 4/11:
On January 16th, news broke that Vanka’s Executive Director, President, and CEO, Ju Diao Shung, had been taken into police custody. The emergence of a special task force in Shinen taking over Vanka's operations hinted at a looming government-led restructuring. This shocking development caused tremors not only within Vanka but also rippled throughout the real estate industry, echoing the disturbances following the Evergrande crisis of late 2021.