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Former Evergrande President Xia Haijun's Luxury Mansion in Guangzhou Is Listed for Auction, Estimated at 70 Million Yuan | Luxury Mansion Auction
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The luxury mansion in Guangzhou owned by Xia Haijun, former president of Evergrande Group, was auctioned off with an estimated value of 70.62 million yuan (RMB). The starting price was 49.4385 million yuan, approximately 70% of the appraised value. Xia Haijun was warned, fined, and banned from the securities market for life for allegedly engaging in fraudulent activities related to the issuance of corporate bonds.
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