Yu-who exactly is this?

In March, Mr Huang did not hold back challenging Australia’s political parties to follow West Australian Liberal MP Andrew Hastie and return $2 million in donations his companies had paid since 2012.

Mr Huang said if Labor and the Liberals were serious about distancing themsleves from him, they should return funds and he would donate to charity.

Fast forward to May this year – soon after Yuhu Group’s Jewel property play – and Mr Turnbull, Labor leader Bill Shorten and other state leaders had endorsed a major Australian-Chinese community event in Sydney organised by Mr Huang. The gala dinner was to mark the 200th anniversary of Chinese migration to Australia and involved about 280 community groups.

As for the stalled Jewel site, it is understood Yuhu Group aren’t interested in stopping at just one Gold Coast project and see the city as a desirable location to invest.

Someone close to the Jewel project told the Bulletin they believed Yuhu Group had a good understanding of the Australian construction market and could see the ambitious development through to completion.

“Wanda came with an outsider’s view of what the project should be. Maybe Yuhu, having been around in the Australian market longer, have more of a clue and can deliver something closer to the original intent ... a better outcome for the project and locals.”