Kris Wu Reportedly Liquidated His Companies & Tried To Sell His Properties

Kris Wu (吴亦凡) is currently being held at the Beijing Chaoyang Detention Center, while awaiting his trial for the rape charges against him.

Amid all the absurd and shocking rumours surrounding the Chinese-Canadian celeb, a new round of reports have emerged suggesting that Kris had promptly attempted to protect his wealth, which is estimated to be worth at least 1.33 billion Chinese yuan (~RM856.34 million).

When 19-year-old influencer Du Meizhu accused Kris of sexual assault and preying on minors under the guise of casting actresses to be featured in his MVs, many brands cut ties with him. Even though Kris initially denied all the rumours, it was reported that the 30-year-old had started quietly liquidating his associated companies.

Jayne Stars reported that a relative of Kris, named Wu Lin (吴林), who was the representative and executive member of many of his associated companies, had already went through the liquidation process as well as the cancellation of records for them. And by the month of July, it was alleged that Kris only had two remaining active companies under his name in which he owns 99.99% of the shares.

Additionally, it was also rumoured that Kris had tried to sell his luxury properties in the city of Beijing. The “November Rain” singer purportedly owns three residences worth CNY 100 million (~RM64 million). Two of them are located in the Chaoyang district, including the celeb’s Star River and Palm Springs homes. The other one is situated in Grand MOMA in the Dongcheng district.

While Kris was reportedly concerned in letting go of his Beijing properties after his sexual assault controversy came to light, several netizens had since stepped up and claimed that all of his real estate and automobiles were purchased abroad, with all his assets transferred to Canada.

If Kris is found guilty, he could be sentenced between 3 to 10 years of imprisonment in China, with the possibility of a heavier sentence if the victim was underaged, or if multiple victims were involved. Despite this, his vast assets will remain protected in Canada.

Source: Jayne Stars.