Chinese Billionaire Won’t Give Up on Iceland Plan After Snub
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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.