Many may ask, since making money, how come runaway?
There are many guesses among some of my friends.
Some of which are, that old man Jerry (in his 70s or coming to that age already) is thinking of retirement since a year ago (which is why the advertisement to sell away Formosa is over one year ago) and he wasnt able to sells it. Son no plans to take over his father. Running away seems like not a bad choice and especially so it was done after CNY 2020.
Paying his workers is really nothing but paying up to the governing body can be a major issue. Let's not forget, when he runs, he also leaves behind more than 111 LCD TVs, more than 111 beds, and other equipment like gym set, CCTV cameras, computers etc. Which after selling away should be sufficient to pay his workers. I pity those staffs who has worked in Formosa for many years. They are really hardworkers (and loyal) under a super strict boss.
The only problem left there like what bro BFOMF5 say is Formosa Residence.
How is it gonna affect the stake holders? The tenants, apartment buyers who is due to collect their apartment keys soon etc etc. The good news here is, Formosa Residence is almost 100% done up, hence it shouldnt pose any big issue.
Whats left is, the future maintenance of Formosa Residence and how to keep it operational.
I will be keeping a close look out for now tho,hehehe...
