Hudson’s Bay Zamindars argued back to the court that Ruby Liu had insufficient money

Hudson’s Bay Zamindars are back to court on Friday, where they are arguing on a BC billionaire, not the cash required to launch a new retailer.

Ruby Liu wants to buy 25 more leases for $ 69.1 million from the Bay to open a new department store of his name. He already bought three bay leases in the mall.

Liu intends to spend $ 400 million on opening a new chain, but a lawyer from Bay Landlord Kingsset Capital says the money is “non-existence.”

Matthew Gotlib says that Liu will not personally guarantee that $ 400 million and the remaining money is bound in three international companies, who have not signed binding commitments to return their new venture.

While he has said that three BC. He may be a source of funding near the mall, Gotlib says that the Woodgrove Center in Nanymo, the Mefare Shopping Center in Victoria and Tsavavasen Mills in Delta have collectively lost $ 19 million in 2023 and 2024.

If his other companies had collected interest on loans made in the mall, Gotlib says that shopping centers would be bankrupt.