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Zhenli Ye Gon's Mansion Sold

Monday, August 12, 2019 8:27

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Chivis Martinez Borderland Beat from Reforma

The house that belonged to the Chinese-Mexican businessman, Zhenli Ye Gon, was sold yesterday at 102 million pesos [5,189,913] to the “Butaca Enlace” Foundation, headed by the regional businessman Carlos Bremer.

The value of the luxury property located in Lomas de Chapultepec exceeded the starting price of 95.4 million pesos, although it was far from the goal of 150 million.

In 2007, Ye Gon’s residence was seized along with 205.5 million dollars in cash, as a result of the sale of chemical precursors to drug cartels.

The sale was completed by telephone after a six-minute bid in which seven potential buyers participated.

The “Butaca Enlace” foundation started in 2008 in Monterrey with the aim of supporting the best students of the ENLACE test (National Assessment of Academic Achievement in School Centers).

The winning students attended professional football, baseball and basketball games.

Given the success and with the support of President Felipe Calderón, the program was extended nationwide and reached 75 cities.

Bremer has been an important supporter of Mexican athletes.

Source: http://www.borderlandbeat.com/2019/08/zhenli-ye-gons-mansion-sold.html

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