Chinese waste hauler offers shares in $75m Michelangelo painting

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Chinese waste hauler offers shares in $75m Michelangelo painting[size=0.8em]Don Weinland in Hong Kong
[size=1.1em]

A Chinese company known for recycling bricks and concrete has made a detour into fine art, offering up a securitised version of a 16th-century Michelangelo painting depicting the crucifixion of Christ.

Nasdaq-listed Yulong Eco-Materials agreed this week to buy the work “Crucifixion” by the Italian master for $75m, according to a statement from the company. To pay for it, the group will sell 7.5m in shares at $10 a piece, in effect securitising the masterpiece.

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关键词：painting Chinese Offers angelo Michel