Creditors put fugitive Guo Wengui's dragon head-shaped Pangu Plaza

Proceeds from the auction will go toward repaying more than 3 billion yuan of debt owed by Guo’s company to the Bank of Shanghai and a Shanghai investor, both listed as applicants of the auction.

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Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui

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Creditors put fugitive Guo Wengui's dragon head-shaped Pangu Plaza on the auction block at a steep discount to recoup debt

Exiled Chinese tycoon fraudulently obtained big loans, employees tell court – New York Daily News