A Hong Kong court on Monday ordered Evergrande to be wound up after more than two years since defaulting on its debts, marking another grim milestone for Hui Ka Yan, once Asia’s richest person.
Hui Ka Yan, the embattled billionaire chairman of China Evergrande Group, is suspected of illegal crimes and is now subject to "mandatory measures," according to a sto.
Multiple current and former executives of China Evergrande Group and its subsidiaries have been swept up in investigations as authorities look into whether the embattled conglomerate has violated rules over the use of funds, according to sources with knowledge of the matter, reports Caixin. Pan Darong, a previous chief financial officer of the group, has…
Chinese property giant Evergrande has filed for bankruptcy protection in New York in order to buy time while it tries to restructure estimated debts of $300 billion run-up in a 15-year growth splurge