Hong Kong Court Names Evergrande’s Liquidators as Receivers of Founder’s Assets

Hong Kong court names Evergrande’s liquidators as receivers of founder’s assets

A Hong Kong judge on Tuesday appointed China Evergrande Group’s liquidators as receivers of the assets of company founder Hui Ka Yan, following his failure to comply with a previous order requiring him to reveal all his worldwide assets valued at more than HK$50,000 (US$6,426). “There is a total failure on the part of Hui to comply with the disclosure order,” wrote Justice Herbert Au-yeung Ho-wing in a judgment from the Court of First Instance. …

Roundup: Evergrande Founder's Assets Turned Over to Receivers - Mingtiandi

China Evergrande is back in the news with a report of a Hong Kong court granting receivers rights over the company founder’s assets, with that story leading today’s look at real estate headlines from around the region. Also making the... Read More>> The post Evergrande Founder’s Assets Turned Over to Receivers and More Asia Real Estate Headlines appeared first on Mingtiandi.

Evergrande Delisted From Hong Kong Bourse

Earlier in the month, Hong Kong Exchanges and Clearing notified the world’s most indebted property developer that its listing would be cancelled for failure “to fulfill any of the requirements” to resume trading, Evergrande said in a filing. The company subsequently announced it would not request the exchange’s decision be reviewed. The Guangzhou-headquartered developer’s shares were suspended from trading since January 29, 2024. On that date, …

China Evergrande liquidators appointed as receivers over founder's assets

This is the liquidators’ latest effort to recover US$6 billion in dividends and remuneration paid to Hui and other former executives