Evergrande Chairman Detained Amid Debt Crisis as Creditors Threaten Liquidation

Evergrande chairman Hui Ka Yan investigated for transferring assets offshore as company struggles.
Evergrande working to restructure offshore debt but process complicated by investigation into main China unit.
Evergrande chairman under police watch, suspected of unspecified crimes.
Offshore creditors planning to petition to liquidate Evergrande if no new debt plan by end of October.
Trading in Evergrande shares suspended after reports chairman taken away by police.

yahoo.com

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