Published 2 months ago

Chair of China’s Evergrande reportedly put under police surveillance

The chairman of China Evergrande Group, Hui Ka Yan, has been placed under police surveillance, although it is not clear why or if he will be charged with a crime.
Evergrande's wealth management unit has faced police action, with some staff members being detained.
Evergrande's property empire has been under scrutiny as it struggles to meet repayment obligations and complete construction projects.

Insights by Ground AI

Does this summary seem wrong?

More
Filters

27 Articles

All

Left

Center

Right

Times of India

Pressure piles on China Evergrande with report chairman under police surveillance

The chairman of China Evergrande Group, Hui Ka Yan, has reportedly been placed under police surveillance, adding to the pressure on the troubled developer. The move does not indicate formal detention or arrest, and it is unclear why Hui has been placed under surveillance. Evergrande, the most indebted property developer globally, is at the center of a crisis in China's property sector, with a string of debt defaults.

2 months ago·India

Read Full Article

News18 India

China Evergrande Crisis Worsens as Chairman Under Police Watch, Risk of Liquidation Looms

China Evergrande chairman under police surveillance as doubts over the developer's future grow amid liquidity crisis and mounting debt

2 months ago·India

Read Full Article

The Guardian

Chair of China’s Evergrande reportedly put under police surveillance

The chair of China’s Evergrande Group has reportedly been put under police surveillance as another missed bond payment casts further doubt over the future of the world’s most indebted property developer.

2 months ago·London, United Kingdom

Read Full Article

NDTV

Billionaire Boss Of China Evergrande Under "Residential Surveillance"

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties. Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according to anonymous sources cited by Bloomberg News. He is being held under "residential surveillance", the report said, which does not mean h…

2 months ago·New Delhi, India

Read Full Article

Channel News Asia

China Evergrande's billionaire boss Hui Ka Yan goes from power circles to police surveillance

HONG KONG: Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on Jul 1, 2021, a beaming Hui Ka Yan showed no signs that his company, China Evergrande Group, was facing mounting pressure paying its debts. Hui, wearing a navy blue suit and open-neck shirt, looked

2 months ago·Singapore

Read Full Article

RTÉ

China Evergrande's chairman under police watch

The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported today, raising more doubts about the embattled developer's future as it also grapples with mounting prospects of liquidation.

2 months ago·Ireland

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year