Chinese Authorities Detain Evergrande Staff Amid Deepening Property Crisis

Chinese authorities detain staff from Evergrande's financial subsidiary amid ongoing property market crisis
Detainees include someone with surname 'Du' from Evergrande Financial Wealth Management Co.
Evergrande facing largest restructuring in China's history, offshore debt decisions delayed
Firm unable to honor 40 billion yuan in payments for wealth products in 2022
China takes over Evergrande's insurance division, to be managed by state-backed company

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9/17/2023

Evergrande Employees Arrested Amid China's Property Market Crisis

Chinese police have arrested employees at Evergrande Wealth Management, a subsidiary of troubled property giant Evergrande, as the company's enormous debt contributes to China's property market crisis and raises concerns of a global impact.

9/27/2023

Evergrande Chairman Hui Ka Yan Under Police Surveillance Amid Ongoing Debt Crisis

Chinese billionaire Hui Ka Yan, chairman of China Evergrande Group, has been placed under police control, although it is unclear why and he has not been charged with a crime; this follows the detention of personnel from Evergrande's financial subsidiary as the company navigates through a major restructuring and grapples with its debt crisis.

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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.

10/4/2023

Former Ubisoft Executives Arrested in France Over Sexual Misconduct Allegations

Five former Ubisoft executives, including former VP Tommy Francois and former chief creative officer Serge Hascoët, have been detained for questioning by French authorities as part of a criminal investigation into allegations of sexual misconduct and a toxic work environment.

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Posted 9/17/2023, 1:33:58 AM