French whine about China deal
French whine about China deal
Aug 28, 2012 6
(NEWS) - A CHINESE man who sparked anxiety after buying a Burgundy vineyard is a low-profile executive with a passion for wine.
Louis Ng has shunned the French media spotlight since buying the 12th-century Chateau de Gevrey Chambertin for eight million euros ($9.6 million) earlier this year, an investment that sent shockwaves through the French wine industry.
A top executive for Macau gambling tycoon Stanley Ho, the 60-year-old has pledged via a representative in France to invest significant sums to restore the chateau and upgrade its wine production.
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