Hui Ka Yan was reportedly detained earlier this month and is now under surveillance at a specified location.
Once Asia’s second-richest, Hui Ka Yan’s current worth is around US$1.8 billion, down from US$42 billion in 2017, as his property empire crumbles.
It’s not clear why Hui is under so-called residential surveillance, a type of police action that falls short of formal detention or arrest and doesn’t mean Hui will be charged with a crime. It adds to questions over the fate of Evergrande after setbacks to its restructuring plan in recent days roiled financial markets and raised the risk of a liquidation.
Since then, it has disclosed it was unable to meet regulatory qualifications to issue new bonds — a key component of the debt overhaul — while its mainland unit failed to repay an onshore bond. He was once Asia’s second-richest person, only to see his net worth slump as his property empire crumbled. Hui is now worth about $1.8 billion from US$42 billion in 2017, according to the Bloomberg Billionaires Index. Evergrande has 2.39 trillion yuan in liabilities.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Report: China Evergrande's chairman is under police surveillanceNEW YORK, Sept 27 — Hui Ka Yan, the chairman of China Evergrande Group, has been placed under police surveillance, Bloomberg News reported today, citing people with knowledge of...
Leggi di più »
Cashless in China: How to pay using Touch ‘n Go eWallet and Alipay in mainland ChinaTravelling to mainland China? TNG eWallet and international Alipay app are accepted at over 10 million Alipay merchants. Here's how to setup and make payment.
Leggi di più »
Philippines says no standoff with China after removal of floating barrier in South China SeaMANILA, Sept 26 ― The Philippines today said China's coastguard had removed remnants of a floating barrier severed by its Filipino counterparts at a fiercely contested...
Leggi di più »
Luwe Xin Hui To Lose Miss Asia Pageant Malaysia Crown Due To Past Controversies?Most everyone has skeletons in their closets. Most don't get dragged out publicly. However, after Luwe Xin Hui (Luwee, 雷欣蕙) was declared as ATV Miss Asia
Leggi di più »
S&P: Asia Pacific to see resilient growth amid China slowdownKUALA LUMPUR, Sept 25 — The Asia Pacific (Apac) remained a multi-speed region, with its developed economies undergoing soft landings and seeing low but positive growth, while the...
Leggi di più »
China in control as backstroke king Qin Haiyang sets new Asian Games markHANGZHOU, Sept 25 — Breaststroke world champion and title favourite Qin Haiyang smashed the Asian Games record to surge into the 100m final today as China set about shoring up...
Leggi di più »