US EditionChair of China’s Evergrande reportedly put under police surveillance
- Hui Ka Yan, the billionaire founder of China Evergrande, is being held by police as part of an investigation into the embattled property developer.
- Chinese authorities have arrested several Evergrande employees and are urging the public to report any suspected fraud cases.
- Evergrande is facing financial turmoil, as it is unable to sell new debt due to the ongoing investigation.
27 Articles
27 Articles
The Chinese real-estate billionaire whose firm blew up in disastrous fashion is being watched by police under 'residential surveillance,' sources say
Hui Ka Yan, the chairman of China Evergrande Group, has been placed under police control, according to people with knowledge of the matter.
While Evergrande CEO Hui Ka Yan has been placed under a form of house arrest, the Chinese real estate sector is increasingly in decline. This sector is very important to China, accounting for around 20 percent of the country's GDP.
Chairman of Chinese developer Evergrande placed under police surveillance, report says
The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with the mounting threat of liquidation.
PEKIN.- El multimillonario fundador del gigante inmobiliario chino Evergrande está bajo vigilancia policial, informó el miércoles Bloomberg, en momentos en que la endeudada compañía lidia con graves dificultades financieras.Xu Jiayin, conocido también como Hui Ka Yan en cantonés, fue requerido por las autoridades semanas atrás y ahora se encuentra retenido, según fuentes anónimas citadas por Bloomberg. Se mantiene bajo “vigilancia residencial”, …
China Evergrande Chairman Put Under Police Watch; Liquidation Risk Looms
The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it grapples with the mounting threat of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in the southern city of Guangzhou, was taken away by police earlier this month and is being monitored at a des…
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
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