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joramstoday at 7:35 AM1 replyview on HN

> facilities were purchased for between 1 million yen and 5 million yen and resold to Chinese buyers for between 40 million yen and as much as 100 million yen depending on location

Those prices seem weird. They were buying entire care homes and hotels for less than the price of a car? I understand they come with obligations, but these businesses were apparently financially ok before the acquisition.


Replies

protimewastertoday at 7:38 AM

> Those prices seem weird.

I was thinking the same thing. In many parts of the world, even a failing / debt laden business would be worth much more than that.