Swiss art dealer Yves Bouvier has sold his Singapore freeport to a Chinese crypto magnate for a major loss:
Swiss art dealer Yves Bouvier appears to be gradually relinquishing his unofficial title of “freeport king.”
The transaction was private, meaning that the sale price was not disclosed, though Wu did reportedly confirm the deal it in a text message. The sale took place two months ago, in July, according to accounting regulator records.reports; in 2010, the cost of building the facility that later came to be known as Asia’s “Fort Knox” was S$100 million, or currently about $70 million.
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