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.
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.
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…
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
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.
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