Evergrande Chairman Hui Ka Yan Under House Arrest As Company Falters

Hui Ka Yan, chairman of bankrupt Evergrande, arrested by Chinese officials in September
Hui has been under police surveillance, which falls short of formal arrest
Hui faces restrictions, not allowed to communicate or leave designated location
Hui was once Asia's 2nd richest person, worth $42B in 2017, now just $1.8B
Evergrande has $327B in liabilities, crisis has dented confidence in China's housing market

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9/17/2023

Police in China Detain Evergrande Wealth Management Staff Amid Ongoing Investigation into Troubled Property Giant

Chinese police have detained some staff at China Evergrande Group's wealth management unit, potentially adding to the property giant's troubles as it undergoes a debt restructuring and faces a crisis in China's property sector.

9/28/2023

Evergrande Shares Suspended, Founder Under Police Watch Amid Deepening Debt Crisis

Trading in shares of China Evergrande has been suspended after reports that the chairman has been placed under police surveillance, raising concerns about the developer's future as it struggles with growing debt and a possible liquidation.

9/28/2023

Evergrande Founder Hui Ka Yan Under Investigation Amid Company's Financial Troubles

China Evergrande Group's founder, Hui Ka Yan, is under investigation for suspected "illegal crimes," raising concerns among creditors about the company's future as it faces a debt revamp plan and liquidation risk. The investigation marks the first indication that authorities could hold the billionaire accountable for Evergrande's financial troubles, which have had a significant impact on China's property sector and economy as a whole. The investigation has disrupted the hopes of successful restructuring and has increased the likelihood of liquidation.

10/2/2023

Evergrande Chairman Under Investigation as Company Struggles with Debt Crisis

China Evergrande Group Chairman Hui Ka Yan is under investigation for alleged asset transfers abroad, as the indebted property developer struggles to complete its projects.

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Posted 9/27/2023, 5:18:10 AM

Evergrande Chairman Hui Ka Yan Under House Arrest As Company Falters

Hui Ka Yan, chairman of bankrupt Evergrande, arrested by Chinese officials in September
Hui has been under police surveillance, which falls short of formal arrest
Hui faces restrictions, not allowed to communicate or leave designated location
Hui was once Asia's 2nd richest person, worth $42B in 2017, now just $1.8B
Evergrande has $327B in liabilities, crisis has dented confidence in China's housing market

watcher.guru

Relevant topic timeline:

9/17/2023

Police in China Detain Evergrande Wealth Management Staff Amid Ongoing Investigation into Troubled Property Giant

9/28/2023

Evergrande Shares Suspended, Founder Under Police Watch Amid Deepening Debt Crisis

9/28/2023

Evergrande Founder Hui Ka Yan Under Investigation Amid Company's Financial Troubles

10/2/2023

Evergrande Chairman Under Investigation as Company Struggles with Debt Crisis

China Evergrande Group Chairman Hui Ka Yan is under investigation for alleged asset transfers abroad, as the indebted property developer struggles to complete its projects.