Latest Breaking News On - Singapore based lucror analytics - Page 1 : comparemela.com

Asia’s Former Richest Man Faces Escalating Debt Crisis Share to Facebook Share to Linkedin Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People s Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as shares of his Evergrande tumbled 26%. The company’s Hong Kong-listed shares have plunged 68% over the past year, and analysts say the once resourceful tycoon appears to be running out of options to avert a mounting debt crisis. It’s a dramatic turn of events for Hui, who had been crowned Asia’s richest person just four years ago, when his net worth peaked at $45.3 billion. Today, his fortune currently sits at $17.2 billion and there’s no telling how much further it may drop.

Shen chenHong kongMaoliang shenTsinghua unigroupHui ka yanZhang jindongZhou chuanyiFitch ratingsChina guangfa bankHengda real estate groupHong kong listedShanghai maoliang investmentChina guangfaSingapore based lucror analyticsEvergrande springShanghai maoliang