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Chinese Billionaire Won’t Give Up on Iceland Plan After Snub
The Chinese billionaire who plans a $200 million property investment in Iceland said he’s not giving up on his plan even after it was thwarted a second time. Huang Nubo, chairman of Beijing Zhongkun Investment Group Co., said he hasn’t been asked by the Icelandic government to submit additional information or resubmit a plan to lease and develop land in Iceland. Nubo said he is not sure what other information to provide and that he hasn’t been given a deadline. “I’m very angry and annoyed at how bad the investment environment in Iceland is,” Huang said in a phone interview from Beijing today. “I will ... (full story)