The devil is in the details

Alex David Rosaria Blog

The devil is in the details. Everyday it becomes more evident that local politicians who sold the Guangdong Zhenrong Energy (GZE) project as a celestial answer to the economic standstill we’ve been confronting for some decades, were blindsided by naïveté and even, I suspect, an unhealthy dose of self-interest. News this week about a decision of the Hong Kong High court followed by a ‘by the book’ PR to defend the Chinese ‘noble’ intentions in Curaçao, is no surprise.

According to a trusted source in Singapore, Titan Petrochemicals which is owned by GZE, announced recently that GZE has been ordered for winding up by the Hong Kong High Court. It seems these proceedings were started in 2016 in the Hong Kong Court of First Instance. In an official statement released on 27 September, 2017 Titan recognizes that: “the order of winding up of GZE may have material adverse impact on…

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