Snowflake RoyalLower WestSnowflake Royal There has to be enough debt owed to people other than Dai for that to be an option. And most of the debt is owed to Dai.
There's no way of knowing how Dai funded the venture. Dai's business affairs outside of China all lead back to the non disclosure world of the Cayman Islands. Bearwood was built with borrowed money. Be surprising if RFC wasn't in some way funded by debt. Secured by Chinese assets such as his quoted shareholding in the (now long suspended ) China Dili Group.
It'd have to be debt openly owed to them, not through shadows via Dai.
Borrowings secured through the ownership of shares in a publicly listed company isn't in the shadows. What's in the shadows all the other shenigans that are currently in the throes of litigation. How this connects to RFC in some way there's no way of knowing. However given the sums involved seems a reasonable possibility. The Peoples Republic of China doesn't take kindly to miscreants. Suspect Dai is heading for a suitable comeuppance.