China Evergrande’s US$20 billion debt workout plan is at risk of falling apart in the home stretch, as the ‘arrest’ of Hui Ka-yan clouds the founder’s capacity to deliver his obligations.
Country Garden Billionaire Bags Big Payouts While Default Looms bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Country Garden Holdings Co. bondholders are setting their sights on the company’s billionaire Chair Yang Huiyan to see if she will use her vast personal fortune to support the struggling Chinese property firm.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealNai
Evergrande loses $118 billion in two years, Chinese property developer on brink of collapse heraldsun.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldsun.com.au Daily Mail and Mail on Sunday newspapers.