He will lose his job and of course he is too poor to be bankrupt. But his name would be blacklisted.
Who care about blacklist ?
He isn't working for China govt, nor big foreign MNC, etc.
China has 230 x more ppl than Sg.
This type of incident is like thousands of cases a day.
No one bother to make the list of good or bad security guards.
Unless u r criminal, yr employer is a big bank or something, else, u can get a job in as a 小区安保 easily.
It is more impt to have relationship w the 小区 mgmt than to worry about blacklist.
I do biz w China SOE, a lot of time personal relationship is more impt than paper qualifications.
Every year million graduates come out of their uni, paper qualifications r not highly valued unless u r from 北大 or 清华 or equivalent uni.